A Company Produces a Product for Which the Variable Cost

question 215

Short Answer

A company produces a product for which the variable cost per unit is $3.50 and fixed cost is $20,000 per year.Next year,the company wants the total cost to be $48,000.How many units of the product should be made next year?

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Definitions:

Internet

A global network of computers that allows users to access and exchange information over vast distances instantly.

Consumer Behavior

The study of individuals, groups, or organizations and the processes they use to select, secure, use, and dispose of products, services, experiences, or ideas to satisfy needs and the impacts that these processes have on the consumer and society.

John Powell

Depending on the context, this could refer to several public figures; without additional information, it's difficult to provide a precise definition.

Cliché Conversation

The level of communication with the least amount of self-disclosure, including niceties such as, “Have a nice day.”