How much annual profit will the firm make

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Let's say an airplane company has fixed costs of $100 million and variable costs per unit of $2 million. Planes sell for $3 million each. What is the company's breakeven point in terms of the number of planes that need to be sold just to break even?

If the airplane company wants to make a profit of $99 million annually, how many planes will it have to sell?

If the company can sell 200 airplanes in a year, how much annual profit will the firm make?

Reference no: EM132635222

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