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Iguana Company sells a single product. Iguana estimates demand and costs at various activity levels as follows: Units Sold Price Total Variable Costs Fixed Costs
Iguana Company sells a single product. Iguana estimates demand and costs at various activity levels as follows: Units Sold Price Total Variable Costs Fixed Costs 120,000 $48 $3,000,000 $1,000,000 140,000 $45 $3,500,000 $1,000,000 160,000 $40 $4,000,000 $1,000,000 180,000 $35 $4,500,000 $1,000,000 200,000 $30 $5,000,000 $1,000,000 How much profit will Iguana have if a price of $45 is charged? A.) $20 B.) $1,800,000 C.) $0 D.) $6,300,000 E.) $2,800,000 Please show work so I can see what I did wrong. Thanks for your help
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