What Was the Percent Change in Unit Price When a Box

question 315

Multiple Choice

What was the percent change in unit price when a box of tissues dropped from 200 to 150 tissues per box? (with no change in the price per box) ?

• A) 25%
• B) 20%
• C) 30%
• D) 35%
• E) 33.3%

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Definitions:

Market Price

The price of a commodity when sold in a competitive marketplace, reflecting the supply and demand balance.

Units

Basic measures or quantities of a product, service, or variable used in economic analysis or transactions.

Average Fixed Cost

The average fixed cost is the total fixed expenses of a business divided by the number of units produced, showing how much fixed costs contribute to each unit of production.

Average Variable Cost

The variable cost per unit of output, determined by dividing the total variable costs by the number of units of output.