Calculate the Volume(units)if a Firm Has a Gross Profit of $60

question 30

Multiple Choice

Calculate the volume(units) if a firm has a gross profit of $60 million and a margin price of $300 per unit.

• A)180,000 units
• B)18,000 units
• C)200,000 units
• D)30,000 units
• E)16,000 units

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Definitions:

Corner-Point Method

A method for solving graphical linear programming problems.

Mathematical Expression

A combination of numbers, operations symbols, and sometimes variables that represents a mathematical relationship, action, or procedure.

Linear Programming

A mathematical modeling technique used to achieve the best outcome in a given mathematical model for some list of requirements represented as linear relationships.

Decision Variables

Choices available to a decision maker.