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Origami Company is a price-taker and uses target pricing. Please refer to the following information:
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With the current cost structure, Origami cannot achieve its profit goals. It will have to reduce either the fixed costs or the variable costs. Assuming that fixed costs CANNOT be reduced, how much will the target variable costs per year be?
Negative Externalities
Uncompensated adverse effects that an individual or firm's activity imposes on others, not accounted for in the market price.
Public Goods
goods that are non-excludable and non-rivalrous, meaning they can be used by everyone simultaneously without diminishing their availability to others.
Market Mechanism
The process by which supply and demand interactions determine prices and quantities of goods and services in an economy.
Voluntary Contributions
Monetary or non-monetary donations made by individuals or organizations to a cause or project without the expectation of direct financial return.
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