Use the Following to Answer the Questions Below

question 6

Multiple Choice

Use the following to answer the questions below.
A proposal for implementing a new product line has an annual fixed cost of $60,000, variable cost of $35 per unit of output, and revenue (selling price) of $55 per unit of output.
-Refer to the instruction above. What volume of output will be necessary for an annual profit of $60,000?

• A) 2,000 units
• B) 3,000 units
• C) 6,000 units
• D) 20,000 units

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Definitions:

Igbo-Ukwu Tomb

An archaeological site in Nigeria known for its advanced bronze artifacts, dating back to the 9th century AD, demonstrating sophisticated metalworking by the Igbo people.

Currency

A system of money in general use in a particular country, used as a medium of exchange for goods and services.

Prosperous Trade Center

A city or region that thrives economically due to its strategic location for trade, typically rich in resources or goods exchange.

Mesopotamia

An ancient region located in the eastern Mediterranean, bounded by the Tigris and Euphrates rivers, known as the cradle of civilization for its early developments in writing, law, and urbanization.