A firm has the capacity to produce 1000000 units of a, Business Economics

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A firm has the capacity to produce 1000000 units of a

A firm has the capacity to produce 1,000,000 units of a product each year. At present, it is operating at 70 percent of capacity. The firm's annual revenue is $700,000. Annual fixed costs are $300,000, and the variable costs are $0.50 per unit. What is the firm's annual profit or loss? At what volume of sales does the firm break even?

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