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Problem # 1: Assume that as an investor, you are planning to enter the construction industry as a panel formwork supplier. The potential number of
Problem # 1: Assume that as an investor, you are planning to enter the construction industry as a panel formwork supplier. The potential number of forthcoming projects, you forecasted that within two years, your fixed cost for producing formworks is 300,000. The variable unit cost for making one panel is $15. The sale price for each panel will be $25. How many panels you need to sell in total, in order to start making money?
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