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Pharoah Beverages sells bottles of premium champagne. It currently costs $ 4 3 per bottle to produce each bottle of champagne. Pharoah has overhead costs
Pharoah Beverages sells bottles of premium champagne. It currently costs $ per bottle to produce each bottle of champagne. Pharoah has overhead costs of $ per month, and expects to incur this amount each month. Pharoah produced and sold bottles of champagne last month and expects to continue this production and sales pattern for the rest of this current year. Its closest competitor currently sells its bottles of champagne at $ per bottle. What is the lowest price that Pharoah could sell each bottle of champagne for to make a monthly operating profit?
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