25. A local hairdresser incurs fixed costs of $10,000 per year. He faces variable costs that are...

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25. A local hairdresser incurs fixed costs of $10,000 per year. He faces variable costs that are equal to 50% of the annual revenue. If his annual profits are $15,000, his annual revenues are most nearly (2.2):

(a) $40,000

(b) $50,000

(c) $60,000

(d) $70,000

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Engineering Economy

ISBN: 9781292265001

17th Global Edition

Authors: William G. Sullivan ,Elin M. Wicks ,C. Patrick Koelling

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Question Posted: Oct 25, 2024 10:10 AM

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25. A local hairdresser incurs fixed costs of $10,000 per year. He faces variable costs that are...

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Engineering Economy

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