If a firm that makes $100 profit per pair of shoes pays LeBron James $2,000,000 to endorse their basketball shoes, then to make the endorsement pay off they must sell at least:

Name: If a firm that makes $100 profit per pair of shoes pays LeBron James $2,000,000 to endorse their basketball shoes, then to make the endorsement pay off they must sell at least:
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Question

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To cover the $2,000,000 endorsement cost with a $100 profit per pair, the firm must sell 20,000 more pairs of shoes ($2,000,000 / $100 = 20,000).

If a Firm That Makes $100 Profit Per Pair of Shoes