A firm has total costs of $18000 when 2000 units are produced and $26000 when 5200 units are produced. During March, 4000 units were produced and sold for $8 each. What is the total variable cost? $10000 $12000 $13000 $23000
A firm has total costs of $18000 when 2000 units are produced and $26000 when 5200 units are produced. During March, 4000 units were produced and sold for $8 each. What is the total variable cost? $10000 $12000 $13000 $23000
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A firm has total costs of $18000 when 2000 units are produced and $26000 when 5200 units are produced. During March, 4000 units were produced and sold for $8 each. What is the total variable cost?
$10000
$12000
$13000
$23000
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