If a Firm Has Fixed Costs of $30,000, a Variable

question 26

Multiple Choice

If a firm has fixed costs of $30,000, a variable cost per unit of $.75, and a break-even point of 5,000 units, the price is _____.

• A)$2.50
• B)$6.75
• C)$4.00
• D)$4.50

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Definitions:

Innocent Conduct

Actions or behavior that are performed without malice or intent to harm, often considered in legal contexts to determine culpability or liability.

Further Harm

Additional injury or damage that occurs or may occur as a consequence of an initial act or occurrence.

Restatement Third

A collection of model legal doctrines, developed by the American Law Institute, that aims to clarify, modernize, and otherwise improve various aspects of the law.

Economic Harm

Financial damage or loss suffered by an individual or organization, often resulting from unfair competition, breach of contract, or other wrongful acts.