Like- U Company Produces Dolls

question 144

Multiple Choice

Like- U Company produces dolls. Each doll sells for $20.00. Variable costs per unit total $14.00, of which $6.25 is for direct materials and $5.25 is for direct labor. If total fixed costs are $435,000, then the break- even volume in dollars is:

• A) $1,450,000
• B) $1,023,529
• C) $435,000
• D) $621,429

Comprehend the importance of consistency, impartiality, and fact-based decisions in justice-oriented ethics.

Explore the intersection of profit, morality, and ethical business practices.

Understand the complexities surrounding ethical problems and the misconceptions about easy solutions.

Distinguish between laws and ethical standards, and the implications of violations.

---

Definitions:

Pure Monopolist

A sole provider of a unique product or service without close substitutes, giving the firm significant control over prices.

Marginal Revenue

The additional income generated by selling one more unit of a good or service.

Short-run Position

A period in economics where at least one input is fixed, making it a timeframe where not all production conditions can be changed.

Profit-maximizing

A strategy or point where a firm achieves the highest possible profit, given its costs and market demand.