If a Firm Has Fixed Costs of $30,000, Variable Cost

question 83

Multiple Choice

If a firm has fixed costs of $30,000, variable cost per unit of $.75, and a breakeven point of 5,000 units, the price is:

• A) $2.50
• B) $6.75
• C) $4.00
• D) $4.50

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Definitions:

Epidermis

The outermost layer of cells that covers the body of an organism, providing protection against the environment.

Periderm

A protective tissue in plants that replaces the epidermis in parts that undergo secondary growth, consisting of the cork, cork cambium, and phelloderm.

Sclerenchyma Tissue

A supportive plant tissue composed of thick-walled, usually dead cells, offering structural support and protection.

Strings

Objects composed of fibers twisted or braided together, or a fundamental concept in programming representing sequences of characters.