Producing 10000 units of electric teapot requires 400000 of


Producing 10,000 units of electric teapot requires $400,000 of prime costs, uses 1000 machine hours, and takes 1100 setup hours. The activity rates are $30 per machine hour and $110 per setup hour. What is the unit cost of an electric teapot?

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Macroeconomics: Producing 10000 units of electric teapot requires 400000 of
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