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Victor plans to set up an on-line business selling software applications that he develops and supports. He believes that a price of $130 for his
Victor plans to set up an on-line business selling software applications that he develops and supports. He believes that a price of $130 for his product including the technical support would be competitive. His monthly fixed expenses amount to $850. Victor would hire some college students to provide the technical support of the application paying them for 3 hours at $15 per hour for each client. (4 marks) a) How many clients does Victor need to acquire to break even? b) If he wants to achieve a profit of $1,360 monthly, how many clients does he need
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