Paz Co. has a total cost function of y = mx + b. If b = $50,000 and Paz's total cost was $120,000 to produce 5,000 units, what is Paz's total cost per unit? $14 $25 $24 $20 O None of the above
Paz Co. has a total cost function of y = mx + b. If b = $50,000 and Paz's total cost was $120,000 to produce 5,000 units, what is Paz's total cost per unit? $14 $25 $24 $20 O None of the above
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Paz Co. has a total cost function of y = mx + b. If b = $50,000 and Paz's total cost was $120,000 to
produce 5,000 units, what is Paz's total cost per unit?
O $14
O $25
$24
$20
None of the above
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