Scenario: the Fixed Cost of Producing 500 Units of Good

question 55

Multiple Choice

Scenario: The fixed cost of producing 500 units of Good Y is $25,000, while the variable cost of producing 500 units of Good Y is $60,000.
-Refer to the scenario above.If the equilibrium price charged by a firm producing Good Y in the short run is $170,the firm will earn ________.

• A) a profit of $10 per unit
• B) a profit of $25 per unit
• C) a profit of $0 per unit
• D) a profit of $30 per unit

Calculate markup percentages on absorption costs.

Understand the relationship between product lifespan, operating costs, and pricing decisions.

Understand the key economic forces impacting human resource planning.

Know the definitions and purposes of key HRIS and human resource planning terminologies.

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Definitions:

Friendship

A close and mutual relationship between two people marked by affection, trust, and support, not based on familial ties.

General View

An overview or summary perspective of a subject, often highlighting the main points or broad trends without going into detailed analysis.

Meaning of Life

A philosophical question concerning the significance, purpose, or value of human existence, often explored in philosophical and religious contexts.

Refer

To direct someone or something to a source of information or to mention or allude to something.