Triax Corp

question 84

Short Answer

Triax Corp. produced 50,000 gizmos at a total cost of $1,600,000 (including $400,000 of fixed costs) in the fiscal year just completed. If fixed costs and unit variable costs do not change next year, how much will it cost to produce 60,000 gizmos?

---

Definitions:

Firms

Business entities that produce goods or offer services, ranging in size from small to multinational corporations.

Herfindahl-Hirschman Index

A measure used to assess the level of competition within an industry, determined by calculating the sum of the squares of the market shares of all firms within the market.

Industry

The production of goods or services within an economy that is characterized by a specific focus, such as technology, finance, or manufacturing.

Firm(s)

Organizations involved in the production and distribution of goods or services to consumers in a market.