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Ace Shoe Company Sells Heel Replacement Kits for Men's Shoes

Question 268

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

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