A company has total variable costs of $4 million and fixed costs of $3 million. Based on

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A company has total variable costs of $4 million and fixed costs of $3 million.

Based on this information, the company will stay in the market in the long term if total revenue is at least:

A. $3.0 million.

B. $4.5 million.

C. $7.0 million.

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2024 CFA Program Curriculum Level I Volume 1

ISBN: 9781953337672

1st Edition

Authors: CFA Institute

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Question Posted: Feb 01, 2024 08:03 AM

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A company has total variable costs of $4 million and fixed costs of $3 million. Based on

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C is correct A company will stay in the market in the long t...View the full answer

2024 CFA Program Curriculum Level I Volume 1

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