Assume the Following Facts About a Firm That Sells Just

question 176

Multiple Choice

Assume the following facts about a firm that sells just one product: $\begin{array}{l}\text {Selling price per unit }&=\$ 24.00 \\\text { Variable costs per unit}&=\$ 18.00\\\text {Total annual fixed costs }&=\$ 2,500\end{array}$ What is the firm's annual breakeven volume in units?

• A) 417 units
• B) 1,250 units
• C) 5,000 units
• D) 1,667 units

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Definitions:

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