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(See Solution) A security system company’s total production costs depend on the number of systems produced according to the following equation: Total Costs

Question: A security system company’s total production costs depend on the number of systems produced according to the following equation: Total Costs = $10,000,000 + $2000*quantity produced. Suppose that the company produces 20,000 units. What are the company’s fixed costs at this level of production? What are the variable costs and the average total cost of production (at this production level)? (2.5 points)

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