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A firm has fixed costs of $1000 and variable costs of $5 per unit. If it sells 2

Practice Questions

Q1
A firm has fixed costs of $1000 and variable costs of $5 per unit. If it sells 200 units, what is its total cost?
  1. $2000
  2. $3000
  3. $4000
  4. $5000

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A firm has fixed costs of $1000 and variable costs of $5 per unit. If it sells 200 units, what is its total cost?
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