What Is the Break-Even Volume (In Units)if the Fixed Cost

question 71

Multiple Choice

What is the break-even volume (in units) if the fixed cost of production is $1 million,the price of the product is $50,and variable cost is $25 per unit?

• A)70,000
• B)60,000
• C)50,000
• D)40,000

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Definitions:

GDP

Gross Domestic Product, the total value of all goods and services produced within a country over a specified period, typically a year.

Imports

Goods or services brought into one country from another for sale.

Exports

Goods or services sent from one country to be sold in another country.

Consumption

The total value of all goods and services consumed by households, including durable goods, non-durable goods, and services.