Question
A firm estimates its average total cost to 10 birr per unit of output when it produces 10000 units,which it regards as 80% of capacity.
A firm estimates its average total cost to 10 birr per unit of output when it produces 10000 units,which it regards as 80% of capacity. Its goal is to earn 20% on its total investment which is 250000 birr.if it uses markup pricing what price should it set?
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Understanding Business
Authors: William NickelsJames McHughSusan McHugh
12th Edition
1259929434, 9781259929434
