A business incurs the following costs: • Labor: $125/unit • Materials: $40/unit • Rent: $450,000/month Assume...

A business incurs the following costs: • Labor: $125/unit • Materials: $40/unit • Rent: $450,000/month

Assume the firm produces 2 million units per month.

The total variable cost, per month, is _______ million.

The total fixed cost, per month, is ______ million.

The total cost is ________ million.

Expert Solution

Rahul Sunny answered 2 years ago

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A business incurs the following costs: • Labor: $125/unit • Materials: $40/unit • Rent: $450,000/month Assume...

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