A small manufacturing company that produces and sells snow boots has variable costs of $65 per pair
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Question:
A small manufacturing company that produces and sells snow boots has variable costs of $65 per pair of boots. The fixed costs are $2,200 per month and it has to sell 85 pairs of boots to break even.
a. What is the total revenue at the break-even point?
b. What is the selling price per pair of boots?
Expert Answer:
a At the breakeven point the total revenue will be equal to the total cost or ... View the full answer
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