If Total Fixed Costs Are $10,000, Variable Costs Per Unit

question 19

Multiple Choice

If total fixed costs are $10,000, variable costs per unit are $5, and the price per unit is $15, what is the breakeven quantity?

• A) 500
• B) 667
• C) 1,000
• D) 2,000
• E) 5,000

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Definitions:

Health Care Demanded

The amount of medical services that people are ready and capable of buying at a specific price point.

Marginal Cost

The cost of producing one additional unit of a good or service, a crucial concept for understanding economic decision-making.

Average Total Cost

The total cost of production divided by the number of goods produced, indicating the cost per unit of output.

Overconsumption

The excessive use of goods and services, surpassing what is necessary and sustainable.