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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 43
A Toyota plant has fixed costs of $300 million and variable costs of $540 million. If it produces 60,000 cars, how much is the average total cost of producing one car?
Explanation
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Fixed costs are costs that are incurred ...
Microeconomics 9th Edition by Stephen Slavin
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