Dorian Company Produces and Sells a Single Product

question 81

Multiple Choice

Dorian Company produces and sells a single product. The product sells for $60 per unit and has a contribution margin ratio of 40%. The company's monthly fixed expenses are $28,800.


-If Dorian Company desires a monthly operating income equal to 10% of sales,what will its monthly sales have to be?

• A) $90,000.
• B) $45,600.
• C) $120,000.
• D) $96,000.

Assess goods and services based on their excludability and rivalry in consumption.

Analyze real-world scenarios to categorize goods into the four types: private goods, public goods, common resources, and club goods based on their characteristics.

Understand the role of government in addressing issues related to common resources and public goods.

Identify and explain externalities, particularly in the context of basic research.