A Manufacturer Sells Watches for $80 Per Unit

question 214

Multiple Choice

A manufacturer sells watches for $80 per unit. The fixed costs related to this product are $8,000 per month, and the variable costs are $60 per unit. This gives a profit function , where r is the revenue per unit and c is the variable cost per unit. If the manufacturer has a profit of zero, how many watches were sold? ​

• A)800
• B)4,000
• C)400
• D)100
• E)133

Acknowledge international comparisons and statistics regarding poverty.

Understand the factors contributing to income disparities and the economic benefits of higher education.

Recognize the demographics and statistics related to poverty in the United States.

Comprehend the causes of poverty and the different viewpoints surrounding it.

---

Definitions:

Invitation

An offer to enter or participate in an arrangement, event, or legal agreement.

Acceptance

The expression of assent to the terms of an offer in such a manner that it forms a legally binding contract.

Unilateral Contract

A unilateral contract is a legally binding agreement where one party promises to do something in return for an act of the other party, who is not legally obligated to act.

Consideration

in contract law, refers to something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.