Steve owns a bike store. His total costs are $1.2M per year, his variable costs are $750,000, and his fixed costs are $450,000 per year. Last year, Steve sold 1,200 bikes. What was Steve's average total cost? What was Steve's average variable cost? What was Steve's average fixed cost?
Steve owns a bike store. His total costs are $1.2M per year, his variable costs are $750,000, and his fixed costs are $450,000 per year. Last year, Steve sold 1,200 bikes. What was Steve's average total cost? What was Steve's average variable cost? What was Steve's average fixed cost?
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Steve owns a bike store. His total costs are $1.2M per year, his variable costs are $750,000, and his fixed costs are $450,000 per year. Last year, Steve sold 1,200 bikes. What was Steve's average total cost?
What was Steve's average variable cost?
What was Steve's average fixed cost?
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