question archive A firm produces 5000 chairs and sells per chair at a price of OMR 55
A firm produces 5000 chairs and sells per chair at a price of OMR 55
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A firm produces 5000 chairs and sells per chair at a price of OMR 55. The total cost per chair is 50% of the selling price. The fixed cost per chair is 30% of the total cost and the variable is 70% of the total cost.
Find
a) Total Cost
b) Average Cost
c) Total revenue
d) Average Revenue
Option 1
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Option 2
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