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Dunn Inc.. has fixed costs of $2,500,000 and variable costs of $60 per unit. The firm's marketing department estimates that it faces the following demand
Dunn Inc.. has fixed costs of $2,500,000 and variable costs of $60 per unit. The firm's marketing department estimates that it faces the following demand schedule displaying the number of units it can sell at various prices:
$130 50,000
$120 60,000
$110 70,000
$100 80,000
Which price is optimal?
a. 130
b. 120
c. 110
d. 100
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