Assume the Following Information for Two Products,Hawaii Fantasy and Hawaii

question 31

Multiple Choice

Assume the following information for two products,Hawaii Fantasy and Hawaii Joy. Fixed expenses total $475,800 per year.What is the breakeven point in units for each product?

• A)4,575 units of Hawaii Fantasy and 18,300 units of Hawaii Joy
• B)18,300 units of Hawaii Fantasy and 18,300 units of Hawaii Joy
• C)18,300 units of Hawaii Fantasy and 4,575 units of Hawaii Joy
• D)none of the above

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Definitions:

Marginal Cost

The boost in total charges linked to the creation of one more unit of a product or service.

Public Good

For the benefit of all society members, goods or services are offered at no cost, either by government agencies or private individuals or organizations, not with the aim of profit.

Civil Defense System

A civil defense system encompasses measures and responses designed to protect civilians and infrastructure from natural disasters, military attacks, or other emergencies.

Public Good

Goods or services available to all in society without charge, delivered by the government or private organizations, without the intention of making a profit.