The Firm's Fixed Costs Are $60 000, Variable Cost Per

question 60

Multiple Choice

The firm's fixed costs are $60 000, variable cost per unit is $15 and selling price per unit is $20. The contribution margin per unit is

• A) $5.
• B) $15.
• C) $20.
• D) $35.

---

Definitions:

Practical One

Refers typically to a person or approach that focuses on practical actions and solutions rather than theoretical or abstract ideas.

Aristotle

An ancient Greek philosopher and scientist, a student of Plato and teacher of Alexander the Great, known for his contributions to many fields of knowledge.

External Compulsion

A force or influence from outside oneself that pressures or obliges one to act in a certain way, often limiting personal freedom or choice.

Free Of Ignorance

The state of having knowledge or being aware, lacking the absence of understanding or awareness.