An entrepreneur is considering starting a small company to paint driveways. The following information is available:
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Question:
An entrepreneur is considering starting a small company to paint driveways. The following information is available:
Amount charged per square yard painted $5 Annual fixed cost $3,000 Variable cost per square yard painted $2
Required:
a. Calculate how many square yards of driveway must be painted each year to break even.
b. Calculate how many square yards of driveway must be painted each year to earn a profit of $5,000.
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