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A company considering producing a new product. Fixed cost will be $60,000 with variable cost per set are $15. The product will be sell for
- A company considering producing a new product. Fixed cost will be $60,000 with variable cost per set are $15. The product will be sell for $30 per unit. Manager think demand might be as high 16,000 units and might go as low as 6,000 units.
- What is the firms break even points?
- Used EMV (Expected money value) to help manager in this problem. What is your suggestion?
- Find Standard Deviation for this problem
- Find the Probability of breaking event point.
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