A company produces microchips at an average variable cost of $2.25 and at an average fixed cost

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A company produces microchips at an average variable cost of $2.25 and at an average fixed cost of $1.75. The company generates a monthly revenue of $18,000 for an average price per microchip of $6.00.

What is the company's monthly total cost?
What is the company's total profit?

Related Book For answer-question

Macroeconomics Principles Applications And Tools

ISBN: 9780134089034

7th Edition

Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez

Posted Date: Feb 14, 2024 12:48 AM

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A company produces microchips at an average variable cost of $2.25 and at an average fixed cost

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Given that the average variable cost per microchip is 225 and the average fixed cost per microchip i... View the full answer

Macroeconomics Principles Applications And Tools

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