If a Firm Has a Price of $4

question 61

Multiple Choice

If a firm has a price of $4.00,variable cost per unit of $2.50,and a break-even point of 20,000 units,fixed costs are equal to:

• A) $13,333.
• B) $10,000.
• C) $30,000.
• D) $50,000.

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Definitions:

Companies

Business entities formed to sell goods, services, or both to consumers, often structured as corporations, partnerships, or sole proprietorships.

Big Data

Big Data describes extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.

Volume

Refers to the quantity or amount of something, often used in the context of production, sales, or other measurements of scale.

Velocity

A measurement of both the speed and direction at which an object is moving.