Eddie Felson is a salesman who gets reimbursed for driving his car while on business. The...
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Eddie Felson is a salesman who gets reimbursed for driving his car while on business. The reimbursement rate is 36 cents per mile. Eddie's fixed costs per year are $2.200. Varlable costs average about 14.4 cents per mile. How many miles must he drive to break even? Go to at least three decimals for the intermediate steps (so 12.1786 would be rounded as 12.179), and round UP your answer to the next whole number (so both 18.2 and 18.5 would be rounded UP to 19). Break even point miles Eddie Felson is a salesman who gets reimbursed for driving his car while on business. The reimbursement rate is 36 cents per mile. Eddie's fixed costs per year are $2.200. Varlable costs average about 14.4 cents per mile. How many miles must he drive to break even? Go to at least three decimals for the intermediate steps (so 12.1786 would be rounded as 12.179), and round UP your answer to the next whole number (so both 18.2 and 18.5 would be rounded UP to 19). Break even point miles
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Macroeconomics Principles, Applications, and Tools
ISBN: 978-0132555234
7th Edition
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
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