Edward Cheezer's Inc

question 55

Multiple Choice

Edward Cheezer's Inc.makes and sells frozen four-cheese pizzas,New York-style.The expected selling price is $10 per pizza.The projected variable cost per pizza is $6.The estimated fixed costs per month are $10,000.
-If 6,000 pizzas are sold in a given month and fixed costs increase by $5,000,the overall profit is

• A)$15,000.
• B)$19,000.
• C)$20,000.
• D)$9,000.

Identify the factors that facilitate or hinder tacit collusion among firms.

Explain the role and effects of advertising and price wars in oligopolistic markets.

Evaluate the effectiveness of antitrust policies in preventing the exercise of monopoly power and maintaining market competition.

Understand the demographics and psychology of suicidal tendencies among various age groups.

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Definitions:

Direct Materials

Raw materials that are directly traceable to the production process and are a part of the finished product.

Flexible Budget

An adaptable financial plan that changes according to the actual output levels or activities of a business.

Units

A measure of product quantity, either as individual items or a standard measurement used for inventory and production.

Client-Visits

The activity of going to see clients in person for business purposes such as consultations, sales presentations, and relationship building.