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Teddy operates a storage facility in Gainesville. His total fixed costs are $7500 a month and are incurred even if he does not rent out

Teddy operates a storage facility in Gainesville. His total fixed costs are $7500 a month and are incurred even if he does not rent out any storage units. The variable cost per unit is $15 a month. The average monthly occupancy rate of storage units in Gainesville is 85%. Assuming Teddy operates at the Gainesville average occupancy rate and has 500 storage units, what is his breakeven price

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