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A lobster co - op sells 2 , 0 0 0 lobsters each week. The co - op has 4 lobster boats which yield 5
A lobster coop sells lobsters each week. The coop has lobster boats which yield lobsters each per week. The boats have a fixed cost of $ and processing the lobsters incurs a variable cost of $ per trap. The coop is operating at maximum capacity, but the managers are evaluating whether adding an additional boat will be beneficial as summer is coming and demand for lobster increases. The coop sells a box of lobsters for $ to seafood wholesalers and it is considering reducing this price to $ What is the breakeven sales level for the prospective price change?
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