10. A local company assembling stereo radio cassette produces 300 units per month at a cost of P800 per unit. Each stereo radio cassette sells for P2,200. If the firm makes a profit of 10% on its, 10,000 shares with a par value of P2000 per share and the total fixed cost are P20,000 per month. How much is the
10. A local company assembling stereo radio cassette produces 300 units per month at a cost of P800 per unit. Each stereo radio cassette sells for P2,200. If the firm makes a profit of 10% on its, 10,000 shares with a par value of P2000 per share and the total fixed cost are P20,000 per month. How much is the
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![10. A local company assembling stereo radio
cassette produces 300 units per month at a
cost of P800 per unit. Each stereo radio
cassette sells for P2,200. If the firm makes a
profit of 10% on its, 10,000 shares with a par
value of P2000 per share and the total fixed
cost are P20,000 per month. How much is the
loss or profit if only 100 units are produced in a
given month?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdc32fb5a-47b3-45b1-8a58-c246628f0e1e%2Fcbd4f6e7-610e-4826-baa9-e9cd3387a7f9%2Fj2tk97_processed.jpeg&w=3840&q=75)
Transcribed Image Text:10. A local company assembling stereo radio
cassette produces 300 units per month at a
cost of P800 per unit. Each stereo radio
cassette sells for P2,200. If the firm makes a
profit of 10% on its, 10,000 shares with a par
value of P2000 per share and the total fixed
cost are P20,000 per month. How much is the
loss or profit if only 100 units are produced in a
given month?
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