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Problem 1. Clearwater Company operates a wine outlet in a tourist area. One litre bottles sell for $12. Daily fixed costs are $3,000, and variable

Problem 1. Clearwater Company operates a wine outlet in a tourist area. One litre bottles sell for $12. Daily fixed costs are $3,000, and variable costs are $6 per litre. An average of 750 litres is sold each day. Clearwater has a capacity of 800 litres per day. a. Determine the average cost per bottle

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