Canada Manu Corp

question 19

Multiple Choice

Canada Manu Corp.(CMC) reports total fixed costs of $10,000.If its average price per unit is $10 and its variable costs per unit are $3,what is CMC's break-even unit production?

• A)1,429
• B)1,000
• C)500
• D)$5,000

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Definitions:

Population Proportion

The ratio of individuals in a subgroup of a population to the total population, often expressed as a percentage.

Variance

A measure of the dispersion or spread of a set of data points around their mean (average) value, indicating how far the data points are from the mean.

Unbiased Estimator

A statistical estimator whose expected value is equal to the parameter it estimates, indicating it does not overestimate or underestimate the true value.

Population Parameter

A Population Parameter is a value that represents a characteristic of an entire population, such as its mean or standard deviation.