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Cover the new fixed costs and earn

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Kai sells a sall magazine full of celebrity gossip to college students for $2.87 per copy. Hiring the printing press for one day, the only fixed cost, is $439 an issue. The variable cost of printing each issue is $0.98 per copy. The printer tells Kai the cost of hiring the press is to increase by $115 per day. What total contribution is required to cover the new fixed costs and earn $500 profit per issue?

Reference no: EM132310819

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