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Question
Calculate a firm's total revenue (TR) using the following information: the unit price (P) for a product is $40; the quantity sold (Q) is 2,000; the fixed cost (FC) is $50,000; and the variable cost (VC) is $20,000.
A. $10,000
B. $50,000
C. $110,000
D. $150,000
E. cannot be determined with the information provided
Answer
This answer is hidden. It contains 168 characters.
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