Assume Your Product Is Priced at $10

question 168

Multiple Choice

Assume your product is priced at $10. The variable cost per unit is currently $5, and fixed costs are $10000. What is your breakeven point?

• A) 3500 units
• B) 3000 units
• C) 2500 units
• D) 2000 units

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Definitions:

Cross-Sectional Method

An observational research method that analyzes data from a population, or a representative subset, at a specific point in time.

Longitudinal

A research design in which the same subjects are observed or tested repeatedly over a period of time.

Correlational

Referring to a type of research design that examines the relationship between two or more variables to determine if they are associated in some way.

Longitudinal Research

A research design that involves repeated observations of the same variables over a period of time, extending from months to years.