Essay
A manufacturing firm is considering an entirely new product that will require additional capital equipment, training, and an addition to their existing facility that will cost $50,000 per year. The projected retail price is $45 per unit, and the variable cost of production is $12.50. What is the break-even for this product? Solve using both the graphical and algebraic approaches.
Correct Answer:
Verified
Correct Answer:
Verified
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