A Company Produces and Sells Q Units of Its Product

question 169

Short Answer

A company produces and sells q units of its product.If the variable cost is $4/unit,fixed costs are $4800 and the selling price is $28/unit,find the number of units the company must produce to split even (i.e.,zero profit).

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Definitions:

Continuous Reinforcement

A method of learning where a behavior is reinforced each time it is exhibited, leading to faster acquisition of the behavior.

Fixed-ratio Schedule

A form of reinforcement where a response is reinforced only after a specified number of responses, leading to high and steady response rates.

Variable-ratio Schedule

A schedule of reinforcement where a response is reinforced after an unpredictable number of responses, making it a powerful method for maintaining strong and steady response rates.

Variable-interval Schedule

A reinforcement strategy in operant conditioning where a response is rewarded after an unpredictable amount of time has passed.