14) Sophie Corporation recently produced and sold 107,000 units. Fixed costs at this level of activityamounted to $5,300; variable costs were $107,000. How much cost would the company anticipate ifduring the next period it produced and sold 116,000 units?A. $162,300B. $165,000C. $171,300D. $172,300E. None of the answers are correct

Economics is a branch of social science that describes and analyzes the behaviors and decisions…

14) Sophie Corporation recently produced and sold 107,000 units. Fixed costs at this level of activity amounted to $55,300: variable costs were S107,000. How much cost would the company anticipate if during the next period it produced and sold 116.000 units? A $162300 B. $165,000 C S171.300 D. $172.300 E None of the answers are correct

14) Sophie Corporation recently produced and sold 107,000 units. Fixed costs at this level of activity amounted to $55,300: variable costs were S107,000. How much cost would the company anticipate if during the next period it produced and sold 116.000 units? A $162300 B. $165,000 C S171.300 D. $172.300 E None of the answers are correct

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 23RQ: Which costs are measured on per-unit basis: fixed costs, average cost, avenge variable cost,...

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