Multiple Choice
Ace Shoe Company sells heel replacement kits for men's shoes. It has fixed costs of $6 million and unit variable costs of $5 per pair. Suppose a consultant tells Ace it can sell 700,000 heel repair kits, what price must it charge to achieve a profit of $2.5 million?
A) $3.58
B) $12.15
C) $17.14
D) $7.58
Correct Answer:

Verified
Correct Answer:
Verified
Q263: A home improvement retailer advertises that it
Q264: Factors that determine consumers' willingness and ability
Q265: 'No-name' products likely use:<br>A)below-market pricing<br>B)prestige pricing<br>C)demand backward
Q266: Which of the following is a special
Q267: Fixed cost refers to:<br>A)the total expense incurred
Q269: Break-even analysis is:<br>A)the process of determining the
Q270: If you computed: (unit price x quantity
Q271: Step 1 of the pricing process is
Q272: Which company will likely benefit the greatest
Q273: The practice of exchanging goods and services