A shoe manufacturer produces a pair of shoes at labor cost of PhP 10.35 and material cost of PhP 25.35. The fixed charge on the business are PhP 15,000 a month and the variable cost are PhP 2.00 per pair. If the shoes sell to retailers for PhP 50.00 a pair, how many pair must be produced and sold each month for the manufacturer to breakeven
A shoe manufacturer produces a pair of shoes at labor cost of PhP 10.35 and material cost of PhP 25.35. The fixed charge on the business are PhP 15,000 a month and the variable cost are PhP 2.00 per pair. If the shoes sell to retailers for PhP 50.00 a pair, how many pair must be produced and sold each month for the manufacturer to breakeven
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A shoe manufacturer produces a pair of shoes at labor cost of PhP 10.35 and material cost of PhP 25.35. The fixed charge on the business are PhP 15,000 a month and the variable cost are PhP 2.00 per pair. If the shoes sell to retailers for PhP 50.00 a pair, how many pair must be produced and
sold each month for the manufacturer to breakeven?
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