If a firm's DOL is 4.0 when its profit is $2,000,000 and its depreciation is $500,000, how much fixed cost does it have?
A) $7,500,000
B) $6,000,000
C) $5,500,000
D) $5,000,000
Ans: C) $5,500,000
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What will be an ideal response?
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Fill in the blank(s) with the appropriate word(s).