Question: A firm sells dinner table sets - each set includes one table and six chairs. The price of the set is $600. The variable cost
A firm sells dinner table sets - each set includes one table and six chairs. The price of the set is $600. The variable cost of the table is $94, and that of each chair is $34. Fixed cost for the production process is $20,000. How many sets should they sell to break even?
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