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Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895 Exercise 9
The per-unit cost of an item is its average total cost (= total cost/quantity)Suppose that a new cell phone application costs $100,000 to develop and only $.50 per unit to deliver to each cell phone customer. What will be the per-unit cost of the application if it sells 100 units? 1000 units? 1 million units?
Explanation
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The per-unit cost of the cell phone is e...
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
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