Use the Following Information to Answer the Following Questions

question 17

Multiple Choice

Use the following information to answer the following Questions
Narchie sells a single product for $50. Variable costs are 60% of the selling price, and the company has fixed costs that amount to $400,000. Current sales total 16,000 units.
-Narchie:

• A) will break-even by selling 8,000 units.
• B) will break-even by selling 13,333 units.
• C) will break-even by selling 20,000 units.
• D) will break-even by selling 1,000,000 units.
• E) cannot break-even because it loses money on every unit sold.

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Definitions:

Self-concept

An individual's perception of self, including beliefs, feelings, and thoughts about one's identity and attributes.

Work

The exertion of effort towards achieving a goal, which can include employment as well as other forms of productive activity.

Service-based Economy

An economy that is primarily focused on the provision of services rather than the production of goods.

Industrialized Nations

Countries that have highly developed industries and infrastructure, often characterized by a high standard of living.