A New Product Is Being Considered That Will Require $45,000

question 69

Multiple Choice

A new product is being considered that will require $45,000 in fixed costs per year.Variable costs per unit are estimated to be $12.72.The firm wants to break even if 8000 units are produced and sold per year.What should be the price?

• A)less than $16.00
• B)between $16.00 and $16.99
• C)between $17.00 and $17.99
• D)between $18.00 and $18.99

Recognize the role of opportunity costs in determining specialization and trade patterns.

Identify the conditions under which nations gain from trade and how terms of trade affect these gains.

Understand the impact of tariffs, quotas, and free trade on international trade efficiency.

Analyze the significance of export supply and import demand curves in trade.

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Definitions:

Radical Deconstructionism

A philosophical approach that seeks to undermine traditional concepts and categories by exposing their contingent nature and questioning the binary oppositions upon which they rely.

Radical Inversion

The process or act of completely overturning conventional norms, values, or societal expectations, leading to profound change.

Radical Subversion

Involves actions or ideas aimed at fundamentally challenging or undermining established institutions or societal norms.

Politically Astute

Having a keen understanding of political processes and the ability to effectively navigate or influence those processes.