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    Exam 2: Cost Concepts and Design Economics
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    A Manufacturing Company Leases a Machine for $31,000 Per Year
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A Manufacturing Company Leases a Machine for $31,000 Per Year

Question 11

Question 11

Short Answer

A manufacturing company leases a machine for $31,000 per year. Each unit produced costs $36 in labor and $65 in materials. To break even, 21,000 units must be sold. What is the price of the product?

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