A firm wants to take a decision for introducing a new product. The cost of introducing the product (initial advertising and promotion and fixed cost for one year of production) is estimated at Kshs. 300,000. The variable cost per unit is Kshs. 30 and the proposed selling price per unit is Kshs. 50. Determine:
i. Breakeven level of production.(2 marks)
ii. Profit on a sale of 25,000 units.(3 marks)

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