Multiple Choice
Ned buys old lawn mowers, reconditions them, and sells them for $225. His average variable cost per lawn mower is $125. He knows he needs to sell 64 mowers to break even. Calculate Ned's fixed costs.
A) $7,500
B) $6,400
C) $1,800
D) $5,540
Correct Answer:
Verified
Correct Answer:
Verified
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