Flash Eyes Sells Mascara

question 97

Multiple Choice

Flash Eyes sells mascara.In June, it produced and sold 10,000 tubes of mascara.For the month, total variable costs were $21,000 and fixed costs totaled $24,000.In July, the company produced and sold 11,000 tubes of mascara.Which of the following statements is correct for July?

• A)Total variable costs will be $21,000
• B)Variable costs per unit will be $2.10
• C)Variable costs per unit will be $4.50
• D)Total fixed costs will be $26,400

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Definitions:

Price Cheeseburger

The amount of money required to purchase a cheeseburger in a given market or location.

Excess Demand

A situation in a market where the quantity demanded of a good or service surpasses the quantity supplied at the current price.

Quantity Demanded

Quantity demanded is the total amount of a good or service that consumers are willing and able to purchase at a given price in a specified period.

DVD Players

Electronic devices designed to play discs using the Digital Versatile Disc (DVD) format, often used for movies and other digital content.