1. Individual Problems 3-7 A business incurs the following costs: • Labor: $105/unit • Materials: $30/unit • Rent: $350,

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1. Individual Problems 3-7 A business incurs the following costs: • Labor: $105/unit • Materials: $30/unit • Rent: $350,

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1 Individual Problems 3 7 A Business Incurs The Following Costs Labor 105 Unit Materials 30 Unit Rent 350 1
1 Individual Problems 3 7 A Business Incurs The Following Costs Labor 105 Unit Materials 30 Unit Rent 350 1 (9.71 KiB) Viewed 30 times
1. Individual Problems 3-7 A business incurs the following costs: • Labor: $105/unit • Materials: $30/unit • Rent: $350,000/month Assume the firm produces 1 million units per month. The total variable cost, per month, is $ The total fixed cost, per month, is $ The total cost is $ million. million. million.
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