Table 44 -Refer to the Market Schedules for Pizza in Table 4

question 21

Multiple Choice

Table 4.4
$$\begin{array}{l}\text { Table } 4.4\\\begin{array} { | l | l | l | } \hline \begin{array} { l } \text { Price per Pizza } \\( \$ ) \end{array} & \begin{array} { l } \text { Quantity Demanded per Week } \\\text { (millions) }\end{array} & \begin{array} { l } \text { Quantity Supplied per Week } \\\text { (millions) }\end{array} \\\hline 10 & 10 & 30 \\\hline 8 & 15 & 25 \\\hline 6 & 20 & 20 \\\hline 4 & 25 & 15 \\\hline 2 & 30 & 10 \\\hline\end{array}\end{array}$$
-Refer to the market schedules for pizza in Table 4.4. What is quantity supplied at a price of $6?

• A) $6 and 40 million pizzas
• B) $8 and 20 million pizzas
• C) $6 and 20 million pizzas
• D) $2 and 10 million pizzas
• E) $10 and 10 million pizzas

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Definitions:

Financial Break-Even

The point at which total revenues equal total costs and expenses, resulting in neither profit nor loss.

Salvage Value

The estimated residual value of an asset at the end of its useful life.

Cash Break-Even

The point at which a business's cash inflows equal its cash outflows, excluding financing or investment income.

Straight-Line Depreciation

An operation for dividing up the expense of a tangible asset throughout its active life in uniform annual totals.