If a Product Sells for $8,variable Costs Are $6 and Fixed

question 53

Multiple Choice

If a product sells for $8,variable costs are $6 and fixed costs are $150,000,what would total sales have to be in order to break-even?

• A)$390,000
• B)$399,999
• C)$600,000
• D)$699,999

Recognize the application of behavioral economics insights to improve public policy and individual decision-making.

Evaluate the complementary relationship between neoclassical and behavioral economics, acknowledging their strengths and weaknesses.

Understand the concept and importance of superordinate goals in team effectiveness.

Grasp the significance of shared mental models within project teams and the challenges in cross-functional teams.

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Definitions:

Horizontal Mergers

Mergers between firms that operate in the same industry, often aiming to increase market share and reduce competition.

Market Shares

The portion of a market controlled by a particular company or product, often expressed as a percentage of total sales in that market.

Competition

The rivalry among businesses to attract customers and achieve higher sales, market share, and profits.

Defensive Measure

Strategies or actions taken by a company to protect itself against hostile takeover attempts or competitive threats.