-In the figure above,if the price is $8 a unit,is there a shortage or surplus and what is the amount of any shortage or surplus?
Definitions:
ROE
Return on Equity; a financial ratio indicating the profitability of a company by comparing net income to shareholders' equity.
EBIT
Earnings Before Interest and Taxes, a measure of a company's profitability excluding interest and income tax expenses.
Total Leverage
The combined effect of using both operating leverage and financial leverage on a company's earnings before interest and taxes (EBIT).
Variable Cost Ratio
The proportion of variable costs to sales or production output, indicating how variable costs change with changes in output.
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