EJL Herbal Remedies Sells Several Products for an Average Price

question 52

Multiple Choice

EJL Herbal Remedies sells several products for an average price of $17 per unit. Average variable costs per unit are as follows:
EJL's annual fixed costs total $82,500.
-The contribution margin per unit is:

• A)$7.50.
• B)$10.50.
• C)$12.
• D)$14.

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Definitions:

Hard Currencies

are globally traded currencies that are widely accepted for trade and investment, considered strong and stable.

Barter System

An economic system where goods and services are exchanged directly for other goods and services without using money as a medium.

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, leading to a negative balance of trade.

Infrastructure

Basic systems of communication, transportation, and energy facilities in a country.