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You have begun a new business providing one-on-one tutoring. You have fixed costs of $1,800/month and a variable cost of $48. You can provide sessions
You have begun a new business providing one-on-one tutoring. You have fixed costs of $1,800/month and a variable cost of $48. You can provide sessions at $66 each. a. Based on this information, calculate the breakeven level of daily output for the firm. (10 points) b. After operating for a while, your variable cost rises to $50. What does this mean for the breakeven quantity of output? (10 points)
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