A company wants to set up a kiosk in the mall and knows that the Fixed Costs
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A company wants to set up a kiosk in the mall and knows that the Fixed Costs will be somewhere between $20,000 and $30,000; they also know that their average selling price will be somewhere between $28 and $32 and that their average product cost will be somewhere between $14 and $15. How many will they have to sell per year in order to break-even? If they sell 1500 units in a year, what is the probability that they will have a profit?
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Related Book For
Engineering Economic Analysis
ISBN: 9780195168075
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
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