Nimitz Rental Company provided the following information to its auditors. For the year ended March 31, 2013, the company had revenues of $871,731, general and administrative expenses of $352,928, depreciation expenses of $131,455, leasing expenses
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When a firm operates at an output level of $9,000 units, the per-unit cost is $5. When the production is between 10,000-12,000 units, the per-units cost is $4. At a production level of 13,000 units, the production cost is again $5 per unit.
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