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Cliff runs a restaurant in a small town known for its theatres and tourist attractions. Cliff charges an average of $18 per meal. He estimates
Cliff runs a restaurant in a small town known for its theatres and tourist attractions. Cliff charges an average of $18 per meal. He estimates his variable cost to be $6 per meal and fixed costs are $12,000 per month. Cliff has the capacity to serve 2000 meals per month. A full capacity what is cliffs net income?
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