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A small manufacturer produces 500 units of a product. The variable cost per unit is £20, fixed cost is £5,000, and the selling price per unit is £50. Calculate the profit and explain how maintaining quality could affect this profit.

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The concept of quality

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A small manufacturer produces 500 units of a product. The variable cost per unit is £20, fixed cost is £5,000, and the selling price per unit is £50. Calculate the profit and explain how maintaining quality could affect this profit.

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