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The average selling price is $.60 per unit,the average variable cost is $.36 per unit,and the total fixed costs are $1,500.If operating profits of $900 are desired,a sales volume of 2,500 units is necessary.
Plausibility
The quality of seeming reasonable or probable, often used to describe theories, arguments, or scenarios that are believable based on evidence or logic.
Adam Smith
An 18th-century Scottish economist and philosopher, best known for his theories on free market economics presented in "The Wealth of Nations."
Individuals
Single human beings considered separate from a group or society.
Economic Activity
The actions that involve the production, distribution, and consumption of goods and services in an economy.
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