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What is the selling price of an atlantic lobster trap

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Reference no: EM133011505

Problem 1: Atlantic Corporation manufactures lobster traps. Variable production costs per unit are $8 per unit and variable selling costs are $2 per unit. Fixed costs are $300,000. Atlantic's break-even point is 50,000 units. Ignoring taxes, what is the selling price of an Atlantic lobster trap?

Reference no: EM133011505

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