To Find the Number of Units That Gives Break-Even for the Product

question 75

Multiple Choice

To find the number of units that gives break-even for the product, solve the equation R $$\mathbf { R } = \mathbf { C }$$ ound your answer to the
nearest whole unit.
-A certain product has supply and demand functions given b $$\text { by } p = 3 q + 21 \text { and } p = 164 - 8 q$$ , respectively, where p is the price in dollars and q is the quantity supplied or demanded at price p. What price gives market
Equilibrium?

• A) $60
• B) $13
• C) $39
• D) $18

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Definitions:

Stock Returns

The total return on investment from owning shares in a company, including dividends received and capital gains.

Industry Average

A benchmark representing the average performance or output of companies within the same sector.

ROEs

ROEs, or Return on Equity, measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.

Book Value

The value of an asset according to its balance sheet account balance, taking into account the cost of the asset minus any depreciation.