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Don Loprie Takes Out Tiny Classified Ads in Newspapers Across

Question 53

Short Answer

Don Loprie takes out tiny classified ads in newspapers across the nation.His fixed cost is $13,000, variable cost is $25.50, and selling price, $38.75.To what value must he reduce his variable cost if he wants a break-even point of 900 units?

Correct Answer:

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Variable cost = (900...

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