Gourmet Pets Is Interested in Computing the Break-Even Point for Its

question 239

Multiple Choice

Gourmet Pets is interested in computing the break-even point for its new product Prime Cuts. The fixed costs of adding this product to the product line amounts to $20,000. Variable costs to produce one package of Prime Cuts are $2. Prime Cuts will sell for $6 per package. The break-even point would be

• A) 900 units.
• B) 2,800 units.
• C) 5,000 units.
• D) There is not enough information to find the correct answer.

Recognize the relationship between certain cancers and their prevalence or impact.

Understand the evolutionary significance of emotions like disgust.

Comprehend theories related to eating behaviors, including bin theory and sensory-specific satiety.

Gain insights into the physiological regulation of hunger through the roles of different brain regions and hormones.

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Definitions:

Elastic

Describes a situation in which the demand or supply for a good or service significantly changes in response to price changes.

Cross-Price Elasticity

A measure of how much the demand for a product changes when the price of another product changes.

Quantity Demanded

The specific amount of a good or service that consumers are willing and able to buy at a particular price.

Percentage Change

A mathematical calculation that shows how much a quantity has increased or decreased as a proportion of its previous value, usually expressed as a percentage.