Maxie Pty Ltd Makes and Sells Two Types of Shoes,Plain

question 6

Multiple Choice

Maxie Pty Ltd makes and sells two types of shoes,Plain and Fancy.Product data is as follows:
Sixty per cent of the sales in units are Plain and annual fixed expenses are $45 000 and the sales mix remains constant.Determine the number of units of Plain and Fancy respectively that Maxie Pty Ltd must sell to break even.

• A) 2000;3000
• B) 0;5000
• C) 5000;0
• D) 3000;2000

Evaluate the types of products produced in different market structures and their levels of similarity or differentiation.

Apply the total revenue and total cost method to determine optimal output levels for firms in purely competitive markets.

Assess which market models best describe specific real-world scenarios, including currency exchange rates.

Utilize the marginal revenue and marginal cost method to find the profit-maximizing level of output in purely competitive markets.

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Definitions:

Displacement

In psychology, a defense mechanism involving the redirection of an impulse from a real target to a safer or substitute one.

Repressed Emotions

Emotions that are unconsciously hidden or suppressed due to being deemed unacceptable or threatening by the individual.

Behavioral Form

Behavioral form pertains to the observable actions or responses of an individual in a particular environment or context.

Temper Tantrum

An emotional outburst, typically characterized by crying, screaming, or stubbornness, often occurring in young children as a response to frustration or lack of control.