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A business currently produces Product X only. Product X has a selling price of $23 and its variable cost per unit is $12. The business
A business currently produces Product X only. Product X has a selling price of $23 and its variable cost per unit is $12. The business is considering to produce another product, Product Y, using the same machine used to produce Product X. The variable cost per unit for Product Y is $8. The machine hour per unit for product X and Y is 2 hours and 4 hours respectively. How much could be set for the selling price for Product Y so that it is equally profitable to produce Product X and Product Y with limitation of machine capacity. O $30 O $19 O $23 $8
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