Business, 11.12.2021 22:00 courtneymetzinp7pitt

Master’s Cleaners’ average variable costs consist of $.70 of direct labor, $.30 of direct materials, and $.50 of other variable inputs. If it has fixed costs of $1,000, what level of output

is required at a price of $2 to generate $500 in profits?

a. 1,000

b. 1,500

c. 2,000

d. 2,500

e. 3,000

Answers: 2

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Master’s Cleaners’ average variable costs consist of $.70 of direct labor, $.30 of direct material...

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