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September 21, 2014

Homework Help: economics

Posted by Stephanie on Saturday, February 5, 2011 at 12:49am.

the smith company made and sold 10,000 metal tables last year. when output was between 5,000 and 10,000 tables, its average variable cost was $24. in this output range, each table contributed 60 percent of its revenue to fixed costs and profit. what was the price per table?

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