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QUESTION
A firm with $800,000 of fixed costs including $200,000 of depreciation is expected to produce $225,000 in profits. What is its DOL?
A firm with $800,000 of fixed costs including $200,000 of depreciation is expected to produce $225,000 in profits. What is its DOL?
Select one:
A. 4.56
B. 4.67
C. 3.56
D. 3.67
