You Are Setting Up a Small Business and Have Made $\$ 18,000$

question 28

Multiple Choice

You are setting up a small business and have made an initial investment of $\$ 18,000$ . The unit cost of the guitar you are producing is $37.5 , and the selling price is $77.5 . How many guitars must you sell to break even?

• A) 450 guitars
• B) 600 guitars
• C) 900 guitars
• D) 1050 guitars
• E) 1100guitars

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NASDAQ

An international digital platform for the trade of securities, and also serves as the standard index for technology stocks in the U.S.

Financial Market

A marketplace where buyers and sellers engage in trading financial instruments such as stocks, bonds, commodities, and currencies.

OTC Market

Over-the-counter market where securities are traded directly between parties without the oversight of an exchange.

Auction Market

A market where buyers and sellers submit bids and offers to buy or sell goods and services, with transactions occurring at prices determined through the auction process.