At the end of the year, a firm produced 12,000 laptop computers. Its total costs were $6 million, and its fixed costs were $3 million.
What are the average variable costs of this firm? $____________. (Round your answer to the nearest penny.
At the end of the year, a firm produced 12,000 laptop computers. Its total costs were $6 million, and its fixed costs were $3 million.
What are the average variable costs of this firm? $____________. (Round your answer to the nearest penny.
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