How Many Units of a Product Would Have to Be

question 95

Multiple Choice

How many units of a product would have to be sold if total fixed costs are $300, desired profit for the product is $2,000, the price at which the product is selling is $15, and the average variable cost is $8?

• A) 329 units
• B) 288 units
• C) 243 units
• D) 153 units

Understand the process and requirements for ratification of an agent's contracts.

Grasp the legal positions of principals, agents, and third parties within the scope of agency law.

Understand the characteristics and liabilities associated with different forms of business organizations, specifically sole proprietorships, partnerships, and corporations.

Recognize the legal implications of the relationships between agency, principal, and third parties.

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Definitions:

Visceral

Relating to the internal organs of the body, especially those within the chest or abdomen.

Parietal

Relating to the walls of a cavity or part, often used in reference to a region of the brain or bones of the skull.

Pseudostratified Ciliated Columnar

A type of epithelial tissue lining some air passages of the respiratory system, characterized by a single layer of cells with varying heights that appear stratified.

Stratified Squamous Epithelium

A type of epithelial tissue composed of several layers of cells, with the outermost layer consisting of flattened squamous cells, providing protection in areas subject to abrasion.