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Sanborn, a manufacturer of electric roof vents, realizes a cost of $55.00 for every unit it produces. Its total fixed costs equal 2 million. If the company manufactures 500,000 units, compute the following:

a. unit costs
b. markup price if the company desires a 10 percent return on sales
c. ROI price if the company desires a 25 percent return on an investment of $1 million

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M940761

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