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neonofarm [45]
2 years ago
13

Mason Company manufactures and sells shoelaces for $3.90 per pair. Its variable cost per unit is $3.50. Mason's total fixed cost

s are $12,400. How many pairs must Mason sell to break even?
Business
1 answer:
irinina [24]2 years ago
5 0

Answer:

31,000

Explanation:

Given that,

Selling price = $3.90 per pair of shoes

Variable cost = $3.50 per unit

Total fixed cost = $12,400

Contribution margin per unit:

= Selling price - Variable cost

= $3.90 - $3.50

= $0.40

Pairs must Mason sell to break even:

= Fixed cost ÷ Contribution margin per unit

= $12,400 ÷ $0.40

= 31,000

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grandymaker [24]

Answer:

The correct answer is option d.

Explanation:

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In order to maximize profits, the oligopoly firms keep their prices higher than a perfectly competitive firm but lower than monopoly. The output level is kept higher than a monopoly firm but lower than a perfectly competitive firm.

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3 years ago
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Llana [10]

Answer:

Profit

Explanation:

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3 years ago
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Bogdan [553]
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Hope this helped. Have a great day! :D
8 0
3 years ago
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Elis [28]

Answer:

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miskamm [114]

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brainly.com/question/17238106

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