Multiple Choice
Acme Shoe Co. sells heel replacement kits for men's shoes. It has fixed costs of $6 million and unit variable costs of $5 per kit. Acme would like to earn a profit of $2 million. How many kits must Acme sell at a price of $15?
A) 100,000 kits
B) 400,000 kits
C) 600,000 kits
D) 800,000 kits
E) 1,400,000 kits
Correct Answer:
Verified
Correct Answer:
Verified
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