Question 1 (20 points) A product is currently made in a local shop, where fixed costs are $30,000 per year and variable
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Question 1 (20 points) A product is currently made in a local shop, where fixed costs are $30,000 per year and variable
Question 1 (20 points) A product is currently made in a local shop, where fixed costs are $30,000 per year and variable cost is $50 per unit. The firm sells the product for $200 per unit.