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O Required information The following information applies to the questions displayed below.) The market price for a product has been $55 per unit, but competitive

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O Required information The following information applies to the questions displayed below.) The market price for a product has been $55 per unit, but competitive pressures have reduced the market price to $51. The firm manufactures 14,000 of these products per year at a manufacturing cost of $44 per unit (including $22 fixed cost and $22 variable cost per unit). Other selling and administrative costs for the product are $2 per unit. The firm ignores competitive prices because it has a differentiated product. It uses full manufacturing cost-based pricing with a 30% markup. What is the firm's price? (Round your answer to 2 decimal places.) Firm's price per unit

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