The cost of bicycle in 1977 depending on the brand and quality. A good quality bike from Schwinn cost about 75 to 100 dollars. Cheaper models could be purchased for around 50 dollars.
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24,000
$7600
yes..depreciation cost is the variable cost..
Average Variable Cost = Total Variable Cost/ Quantity Average Cost = Average Fixed Cost + Average Variable Cost Average Cost = Total Cost/Quantity
1962