FifeSiete Corp

question 72

Multiple Choice

FifeSiete Corp. wants to break even at 15,000 units on its only product. Its unit variable cost is $55, and its fixed cost is $750,000. What should be each unit's selling price?

• A) $85
• B) $92
• C) $105
• D) $78

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Definitions:

Marginal Cost

The price of making an additional unit of a product.

Slope

A measure of the steepness or incline of a line or surface, typically described as the ratio between the change in the y-value and the change in the x-value.

Variable

An element, feature, or factor that is likely to vary or change; it can be quantitative or qualitative in experiments and mathematical models.

Mathematical Convention

Established, standardized practices or rules that are followed within mathematical reasoning and calculations.