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A manufacturing company is considering producing a new product. The variable cost of the new product is $60 per unit, and the total fixed costs are $75,000 for a month. The company could produce 1,500 units per month, and sell the product for $125 each. What is the break-even point as a percent of capacity?
Shipping Amount
The total volume or quantity of goods shipped or transported in a single consignment.
Double-subscripted Variables
Variables that are indexed by two sets of subscripts, often used in mathematical modeling to specify elements in matrices or in scenarios requiring reference to two-dimensional data points.
Binary Variable
A variable that can take one of two possible values, typically represented as 0 or 1, indicating the absence or presence of some characteristic.
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