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Softstep Stables has developed a lighter horseshoe for thoroughbreds, called the Air Citation. The company is presently experiencing labor difficulties and plans to raise
Softstep Stables has developed a lighter horseshoe for thoroughbreds, called the Air Citation. The company is presently experiencing labor difficulties and plans to raise wages to avert a strike. This will increase the Variable Cost per shoe from $18 to $23. The shoes presently sell for $73 each, but due to the competitive environment. Softstep Stables plans to drop their price to $47 each. Their current volume is 1,009 units. Fixed costs are $1.608. If Softstep wants to earn $861 in profit from sales at the new price and new variable costs level, how many units must they sell? Enter your answer with 2 decimal places, no symbols (e.g. $) Tvoe your answer
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