Lagle Corporation Has Provided the Following Information

question 286

Multiple Choice

Lagle Corporation has provided the following information:

-If 5,000 units are sold,the variable cost per unit sold is closest to:

• A) $14.60
• B) $11.50
• C) $9.55
• D) $11.55

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Definitions:

Constant Cost

An economic scenario where the cost of producing an additional unit of a good or service remains unchanged, regardless of the scale of production.

Equilibrium Quantity

The quantity of goods supplied is equal to the quantity demanded at a given price level.

Equilibrium Price

The price at which the quantity of a good supplied equals the quantity demanded, resulting in no surplus or shortage in the market.

Zero Economic Profit

A situation where a firm's total revenues exactly equal its total costs, indicating no above-normal profit.