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19) Lori sells hand-knit scarves at a flea market. Each scarf sells for $35. Lori pays $70 to rent a vending space for one day.

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19) Lori sells hand-knit scarves at a flea market. Each scarf sells for $35. Lori pays $70 to rent a vending space for one day. The variable costs are $20 per scarf. How many scarves should she sell each day in order to break even? A) 35 scarves B) 5 scarves C) 7 scarves D) 4 scarves 20) Schmidt Company sells glass vases at a wholesale price of $3 per unit. The variable cost of manufacture is $1.75 per unit. The fixed costs are $18,000 per month. Schmidt sold 5,500 units during this month. Calculate Schmidt's operating income (loss) for this month. A) $9,625 B) $11,125 C) S(11,125) D) $(18,000) 21) From the graph given below, identify the fixed costs line. A. A) OB B) AC C) AD D) AE

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