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Question
Figure 11-6
Suppose you are the owner of a picture frame store. Let's assume that the average price customers are willing to pay for each picture frame is $120. Also, suppose your fixed costs (FC) total $32,000 (real estate taxes, interest on a bank loan, etc.) and unit variable cost (UVC) for a picture frame is $40 (labor, glass, frame, and matting). According to Figure 11-6 above, how much profit will your picture frame store make if it sells 400 picture frames?
A. $48,000
B. $32,000
C. $16,000
D. $0
E. ($32,000)
Answer
This answer is hidden. It contains 133 characters.
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