Which of the Following Goods Are Available at Highly Economical

question 105

Multiple Choice

Which of the following goods are available at highly economical prices because the use of mass production techniques substantially reduces their per unit production costs?

• A) automobiles
• B) DVD players
• C) microwave ovens
• D) all of the above

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Definitions:

Break-even Point

The point at which total costs and total revenue are equal, meaning that there are no net losses or gains.

Sales

The total revenue generated from the sale of goods or services related to a company's primary operations.

Materials Cost

The total expense incurred from acquiring raw materials used in the manufacture of products.

Break-even Point

The level of production or sales at which costs equal revenues, and there is no profit or loss.