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Ray Bond sells handcrafted yard decorations at country fairs. The variable cost to make these is $2 each, and he sells them for $5.
Ray Bond sells handcrafted yard decorations at country fairs. The variable cost to make these is $2 each, and he sells them for $5. The cost to rent a booth at the fair is $150. a) How many of these must Ray sell to break even? b) If Ray reduces his variable cost of production to $1.50 per unit, what would the break-even point be?
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