Examlex

Solved

The Following Information Is Being Provided for the Two Products

question 4

Multiple Choice

The following information is being provided for the two products produced by the Stay-Dri Deodorant Company. For every 5 units sold, 3 of those units are from the men's line of product while 2 units are from the women's line of product. The following information is being provided for the two products produced by the Stay-Dri Deodorant Company. For every 5 units sold, 3 of those units are from the men's line of product while 2 units are from the women's line of product.   How many units of each product need to be sold in order to break-even in total? Men Women A)  48,000 32,000 B)  40,000 40,000 C)  80,000 80,000 D)  32,000 48,000 How many units of each product need to be sold in order to break-even in total? Men Women


Definitions:

Inferior Goods

Goods for which demands decrease when people’s incomes rise.

Increase in Demand

A situation where there is a rise in consumer desire to purchase goods and services, often leading to higher prices and greater sales volumes.

Equilibrium Price

The price at which the quantity of a product offered is equal to the quantity of the product demanded, creating a balance without excess supply or demand.

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price, where market supply and demand are balanced.

Related Questions