Find the Sales Necessary to Break Even (R =
C) $C = 8610 x + 225,000$

question 15

Short Answer

Find the sales necessary to break even (R =
C) for the cost C of producing x units and the revenue R obtained by selling x units. (Round to the nearest whole unit.)
​
$C = 8610 x + 225,000$ ,
$R = 9860 x$
​

Analyze the implications of operating at different points on the PPF for economies like Macroland and Microland.

Identify the factors leading to shifts or movements along the PPF such as technological improvements or resource changes.

Interpret the shape of the PPF and what it indicates about opportunity costs (constant, increasing, or decreasing).

Relate the concepts of investment, savings, and economic growth to shifts in the PPF.

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Definitions:

Petty Cash

A small amount of cash kept on hand in a business for minor, routine expenses, managed through a system involving vouchers.

Petty Cash Receipt

A petty cash receipt is a document used to record small cash payments for minor expenses, part of a system to manage incidental or minor office costs.

Petty Cash Account

A small amount of cash kept on hand for making immediate payments for miscellaneous small expenses.

Compensating Balance

A requirement by some banks requiring depositors to maintain minimum cash balances in their bank accounts.