Find the Sales Necessary to Break Even (R - C

question 33

Multiple Choice

Find the sales necessary to break even (R - C = 0) for the cost C of producing x units and the revenue R obtained by selling x units.(Round to the nearest whole unit.)

• A) 666 units
• B) 666 units or 714 units
• C) 714 units
• D) 698 units
• E) no real solution

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Definitions:

Representativeness heuristic

A cognitive shortcut used when making judgments about the probability of an event under uncertainty, based on how similar it is to a typical case.

Team leader

A person appointed or recognized within a group who guides, inspires, and coordinates the efforts towards achieving team objectives.

Accessibility heuristic

A cognitive shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision.

Decision method

Refers to the systematic process or technique used to make choices or solve problems.