Assignment:
A felt-tip pen manufacturer is forecasted to sell 33000 pens next month. Their fixed costs are $27400 per month and variable costs are $0.40 per pen.
Management wants to generate $13500 in profits next month. Assuming that the demand is met, what must the selling price be?
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.