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A producer of felt - tip pens has received a forecast of demand of 3 1 , 0 0 0 pens for the coming month
A producer of felttip pens has received a forecast of demand of pens for the coming month from its marketing department. Fixed costs of $ per month are allocated to the felttip operation, and variable costs are cents per pen.
a Find the breakeven quantity ifpens sell for $ each. Round your answer to the next whole number.
Answer is complete and correct.
units
b At what price must pens be sold to obtain a monthly profit of $ assuming that estimated demand materializes? Round your answer to decimal places.
Answer is not complete.
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