If a Business Sells 5,000 Units for a Total Profit

question 13

Multiple Choice

If a business sells 5,000 units for a total profit of $200,000, what is its profit per unit?

• A) $50
• B) $400
• C) $40
• D) $500

Understand the dynamics of virtual meetings and the challenges they pose.

Acknowledge the variety of meeting formats and their specific applications.

Understand the components and significance of the MARS model in explaining individual behavior.

Recognize the importance and characteristics of motivation in organizational behavior.

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Definitions:

Agricultural Act

Legislation aimed at regulating agricultural practices, supporting farmers, and shaping agricultural policy.

Rule Of Reason

The rule stated and applied in the U.S. Steel case that only combinations and contracts unreasonably restraining trade are subject to actions under the antitrust laws and that size and possession of monopoly power are not by themselves illegal. Compare with per se violation.

Antitrust Applications

Legal measures and actions taken to prevent or reduce anti-competitive practices, ensuring fair competition in the market.

Monopoly Power

Monopoly power refers to the ability of a monopoly (a single supplier of a product or service) to dictate terms and prices to its favor because no competition exists.