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16. A firm with total costs of $1,400,000 and sales of $2,000,000 merges with a smaller...

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Finance

16. A firm with total costs of $1,400,000 and sales of$2,000,000 merges with a smaller firm with total costs of $700,000and sales of $1,200,000 million. Calculate the difference inaverage cost of production expressed in percent. A. 4.38 percent B.15 percent C. 9 percent D. 6.72 percent

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16. A firm with total costs of $1,400,000 and sales of$2,000,000 merges with a smaller firm with total costs of $700,000and sales of $1,200,000 million. Calculate the difference inaverage cost of production expressed in percent. A. 4.38 percent B.15 percent C. 9 percent D. 6.72 percent

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