Jason owns a lamp store. His total costs are $145,000 per year, and his fixed cost are $19,200. His production is 12,500 per year. This means that his average variable is how much? (hint: enter your answer in two decimals)

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A: Given total cost function is C(x, y) = 28 + 4x + 6y + xy56

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A: PLEASE FIND THE ANSWER BELOW.

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A:

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A: (b) - False

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A: In short run, each and every firm focus to recover variable cost and ready to bear fixed cost .

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Q: If accounting profit is $400000 greater than economic profit, what do implicit costs equal?

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A: P Q 220 110 160 130 Equipment Cost = 3000 Each individual table Cost = 90

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A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…

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A: