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Your Business Has These Annual Costs: Rent,$30,000;raw Materials,$50,000;insurance,$5,000;sales Commissions,$25,000

Question 237

Short Answer

Your business has these annual costs: rent,$30,000;raw materials,$50,000;insurance,$5,000;sales commissions,$25,000.Your total revenue is $100,000.What will you do in (a)the short run? (b)the long run?

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(a)operate...

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