The Table Given Below Reports the Marginal Revenue and Marginal

question 8

Multiple Choice

The table given below reports the marginal revenue and marginal cost of Holmes Detective Agency for each client.Table 9.2

-Goodspeed Automobiles manufactures 100 disc brake cylinders. At this output level, its marginal revenue is equal to its marginal cost. If the revenue per unit of output is $500 and the per unit cost is $350, its profit is:

• A)$20,000.
• B)$15,000.
• C)$45,000.
• D)$25,000.
• E)$10,000.

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Definitions:

Break-even Point

The financial stage where total costs equal total revenue, meaning the business is neither making a profit nor a loss.

Unit Variable Costs

Costs that vary directly with the production volume, per unit produced.

Break-even Point

The breakpoint where overall earnings from sales or manufacturing activities are equal to the total costs incurred, preventing any profit or loss.

Break-Even Point

The production level or sales volume at which total revenues equal total expenses, resulting in no profit or loss.