Solved

Acme Shoe Company Sells Heel Replacement Kits for Men's Shoes

Question 297

Multiple Choice

Acme Shoe Company sells heel replacement kits for men's shoes.It has fixed costs of $6 million and unit variable costs of $5 per kit.Suppose a consultant tells Acme that it can sell 750,000 heel repair kits.What price must Acme charge to achieve a profit of $2.5 million?


A) $5.00
B) $8.33
C) $11.33
D) $16.33
E) $20.00

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents