A Manufacturing Company Leases a Machine for $31,000 Per Year

question 11

Short Answer

A manufacturing company leases a machine for $31,000 per year. Each unit produced costs $36 in labor and $65 in materials. To break even, 21,000 units must be sold. What is the price of the product?

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Definitions:

Kwanzaa

A seven-day African-American celebration of African heritage, culture, and unity, held from December 26 to January 1.

Ten-Point Program

is a set of guidelines that was created by the Black Panther Party to outline their goals and views on racial injustice and community health.

Black Panthers

A revolutionary Black nationalist and socialist organization founded in 1966 that aimed to challenge police brutality and racial injustice.

Military Draft

A system of compulsory recruitment for armed forces by a government, often implemented during times of war.