Multiple Choice
Palm Furniture manufactures outdoor patio sets with the following unit selling price and unit costs at capacity of 5,000 units: A wholesale outlet has offered to purchase 200 outdoor patio sets but is not willing to pay the retail price of $1,300. What is the lowest price that Palm Furniture should accept if it is currently operating at only 80% capacity?
A) $720
B) $870
C) $950
D) $1,300
Correct Answer:

Verified
Correct Answer:
Verified
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