Question 18 A company has total fixed costs of $100, total variable costs of $200 and when it charges $2 and sells 400 units. Its profit is $600 and its average total costs are $1.33 $500 and its average total costs are $1.33 $600 and its average total costs are $0.75 $500 and its average total costs are $0.75
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Step 1: Calculate the total revenue: Total revenue = Price per unit * Number of units sold Total revenue = $2 * 400 = $800 Show more…
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