Multiple Choice
Lady Marion Seafood, Inc., sells five-pound packages of Alaskan salmon. Assume that its unit variable cost per package is $30 and its fixed cost is $250,000. It wants a target profit of $38,000 based on a volume of 16,000 packages. What should the firm charge for a five-pound package of salmon?
A) $25.00
B) $33.94
C) $40.00
D) $48.00
E) $61.25
Correct Answer:
Verified
Correct Answer:
Verified
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