Steve owns a bike store. His total costs are $1.2 million per year, his variable costs are $750,000, and his fixed costs are $450,000 per year. Last year, Steve sold 1,200 bikes. Steve’s average total cost was __________ per bike.   Question 8 options:   A)  $1,000   B)  $625   C)  $1,200   D)  $375

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