(Solved):25. Daniels Consulting provides consulting services at an average price of $150 per hour and…

 

Question

25. Daniels Consulting provides consulting services at an average price of $150 per hour and incurs variable costs of $75 per hour. Assume average fixed costs are $5,250 a month. Daniels has developed new software that will revolutionize billing for companies. Daniels has already invested $300,000 in the software. It can market the software as is at $40,000 per client and expects to sell to 12 clients. Daniels can develop

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