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Suppose you are the owner of a picture frame store and your current fixed costs total $50,000 (real estate taxes, interest on a bank loan,

Suppose you are the owner of a picture frame store and your current fixed costs total $50,000 (real estate taxes, interest on a bank loan, etc.). In addition, your current unit variable cost for a picture is $50( which includes labor, glass, frame, and matting). Calculate the price necessary to break-even by selling a quantity of 1,000 frames.

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