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marin [14]
3 years ago
11

Planet company sells a product for $16 per unit, variable cost is $12 per unit, and the total fixed cost is $6,000. What is the

break-even point in units?
Business
1 answer:
finlep [7]3 years ago
8 0
The following formula is used to calculate break even point:

Break even point = Fixed cost/(Price per unit - Variable cost per unit)

Substituting for the values given;

Break even point = 6,000/(16-12) = 1,500 units
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Explanation:

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The primary operating goal of a publicly-owned firm interested in serving its stockholders should be to.
leva [86]

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<h3>How a stock price is maximized</h3>

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As the supply of this stock stays constant due to the increased demand it has, the price of the stock would increase.

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4 years ago
Consider a firm which produces T-shirts according to Q = L^0.5, where Q denotes output and L is labor input. The domestic wage i
Luden [163]

From the calculation below, the profit-maximizing labor input is 0.0625, and the profit of the firm is 0.125.

<h3>How do we determine profit-maximizing labor input and profit?</h3>

From the question, we can obtain:

R = Revenue = Q*P = L^0.5 * 1 = L^0.5

C = Cost = w * L = 2L

P = Profit = R - C = L^0.5 - 2L

To obtain the profit-maximizing labor input, the first derivative of P is taken, equated to zero, and we solve for L as follows:

P' = 0.5L^-0.5 - 2 = 0

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L = 0.0625 ----> profit-maximizing labor input

The profit (P) of the firm can now be calculated by substituting L = 0.0625 into the P function as follows:

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4 0
2 years ago
Refined Grains, Inc., is a Kansas-based firm that does business throughout the world. Refined Grains manages retail and wholesal
nadya68 [22]

Answer:

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