Question: Shit COMPLETE PROBLEMS 24. Bedivere Manufacturing is trying to decide how much to charge for their new product, Long-Run Pricing for External Customers which has

Shit COMPLETE PROBLEMS 24. Bedivere Manufacturing is trying to decide how much to charge for their new product, Long-Run Pricing for External Customers which has cost $5,000,000 for development and production setup. Annual fixed costs are not expected to increase as a result of the new product, but variable costs are expected to be $14 per unit. The product should sell an average of 10,000 units a year during its life. Bedivere plans to earn a profit margin of 30% on the product. 10-year What price should be set for the product

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