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1) the automobile supply company has a small plant that produces speedometers exclusively. its annual fixed costs are $30,000 and its variable cost are $ 10/unit. it can sell a speedometer for $ 25. how many speedometers must the company sell to break even?
2) what is the break-even value?
3) the company sold 3,000 units last year. what was its profit?
4) Next year's fixed cost are expected to rise to $37,500. What will be the break even quantity?
5) If the company will sell the number of units obtained in the previous questions (number 11) and wants to maintain the same profit as last year, what its price need to be?
1. use the following information to list the total fixed costs total variable costs average fixed costs total variable
What are three main factors of production? Who are the main economic decision makers in a Markey system? Can firms and households resolve problems by cooperating with each other?
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Assume than an oligopolistic is charging $21 per unit of output and selling 31 units each day. Also suppose that previously it had lowered its price from $21 to $19, rivals matched the price cut, and the firm’s sales increased from 31 to 32 units. It..
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The theory of purchasing power parity:
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Determine what happens in the new equilibrium. Does the individual buy more or less of OG. Does the individual buy more or less of HC. Explain why.
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