The Price Per Unit Is $1

question 108

Multiple Choice

The price per unit is $1.00. The average variable cost per unit is 60 cents. The total fixed cost is $20,000. Compute the break-even point.

• A) 75,000 units
• B) 50,000 units
• C) 20,000 units
• D) 33,334 units
• E) 40,000 units

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Definitions:

Economically Disadvantaged Youths

Young individuals experiencing poor economic conditions that hinder their ability to access basic necessities, education, and employment opportunities.

Milton Friedman

An influential American economist known for his strong belief in free-market capitalism and minimal government intervention in the economy.

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Individuals or entities that hold the ownership rights and stakes in a company, controlling its operations to some extent.

Stakeholders

Individuals or groups that have an interest, stake, or investment in an organization and can affect or be affected by its operations.