To find: Breakeven point (in units)
Given: Number of hams sold = 11000
Sales revenue = $220,000
Variable cost = $55,000
Fixed cost = $24,000
Solution: Break-even point (in units) can be calculated as:-
Fixed costs / (sales price per unit-variable costs per unit)
Fixed costs = $24,000
Sales price per unit = total sales revenue/number of units = 220000/11000 =
$20
Variable costs per unit = total variable cost/number of units = 55000/11000 = $5
Putting values in the formula,
=24000 / (20-5)
=24000/15
=1600
Breakeven point (in units) = 1600 units
Are the numbers your choices? or is there any other info you can send over
Answer:
This statement is false.
Explanation:
The change in the equilibrium price due to a change in in an increase in both demand and supply cannot be predicted without knowing the magnitude of the increase.
If the proportionate increase in the demand is greater than the increase in supply, the equilibrium price will increase.
If the proportionate increase in the supply is greater than the increase in demand, the equilibrium price will decrease.
If the increase in demand is proportionately equal to the increase in supply, the equilibrium price will remain the same.
Answer:
D. increase; decrease
Explanation:
When foreign imposes a tariff on import from home then there will be decreaing the import leading to a decreased demand of domestic currency by foreigners.
Therefore, domestic currency will depreciate and foreign currency will appreciate thus this action will lead to real home/Foreign rate to increase and will decrease the nominal home/foreign exchange rate.
