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A product has fixed cost (FC) of $45,000, unit variable cost (AVC) of $84, and a selling price (P) of $120. Calculate (a) the breakeven point in units sold and (b) total revenue (TR) at the breakeven...

The Kerns Pen Company makes ballpoint pens. The fixed costs of operation for one month average $53,500. The cost of producing one pen is $0.75, and the pens are marketed to retailers for $1.05 each...

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