A manufacturing company leases a building for $90,000 per year for its manufacturing facilities. In addition, the machinery in this building is being paid in installments of $21,000 per year. Each unit of product produced costs $16 in labour and $9 in materials. The product can be sold for $34. How many units must be sold each year for the company to earn a profit of $56,000 per year? Select one: A. 16,701 B. 19,086 C. 9,543 D. 11,929 O E. 7,157

A manufacturing company leases a building for $90,000 per year for its manufacturing facilities. In addition, the machinery in this building is being paid in installments of $21,000 per year. Each unit of product produced costs $16 in labour and $9 in materials. The product can be sold for $34. How many units must be sold each year for the company to earn a profit of $56,000 per year? Select one: A. 16,701 B. 19,086 C. 9,543 D. 11,929 O E. 7,157

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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