Knotty Company Sells Desks at $480 Per Desk

question 10

Multiple Choice

Knotty Company sells desks at $480 per desk.The variable costs are $372 per desk.Total fixed costs for the period are $456,840.The break-even volume in dollars is ________.

• A)$456,840
• B)$1,573,560
• C)$2,030,400
• D)none of these answers is correct

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Definitions:

Social Site

A website or platform where people can share their personal lives, opinions, or participate in networking activities.

Scarce Factor Of Production

An input required for the production process that is in limited supply, potentially constraining output.

Monopoly

A market framework in which there is only one seller offering a distinctive product to the market.

Marginal Revenue

The extra revenue earned by selling an additional unit of a product or service.