1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tatiana [17]
2 years ago
12

A manufacturer sells his product at $23 per unit, selling all he produces. His fixed cost is $18,000 and his variable cost per u

nit is $18.50. The level of production at which the manufacturer breaks even is
Business
1 answer:
svp [43]2 years ago
5 0

Answer:

4000 Units

Explanation:

x = number of units made and sold

C(x) = cost

C(x) = 18.50x+18000

R(x) = revenue

R(x) = 23x

Breakeven point occurs when the cost and revenue are the same, which produces a profit of 0 dollars.

R(x) = C(x)

23x = 18.50x+18000

23x-18.50x = 18000

4.50x = 18000

x = 18000/(4.50)

x = 4000

You might be interested in
Use the Rule of 70 to answer the questions on economic growth. Round answers to two places after the decimal. If annual real GDP
lyudmila [28]

Answer:

39 years

Explanation:

Under the rule of 70, the economy doubles its real GDP per capita income

In this the computation is done by dividing the 70 by the annual growth rate

So, the formula is shown below:

Time period = Rule of 70 ÷ growth rate

where,

Growth rate is 1.8%

So, the time period at which the GDP doubles is

= 70 ÷ 1.8

= 39 years

By dividing the rule of 70 by the growth rate we can find the number of years at which the GDP doubles

4 0
4 years ago
Philip's Inc. reports stockholders' equity on its financial statements. The two items reported in the stockholders' equity secti
netineya [11]

Answer:

Paid-in capital.

Explanation:

Philip's Inc. reports stockholders' equity on its financial statements. The two items reported in the stockholders' equity section of Philip's balance sheet are paid-in Capital and Retained Earnings.

In Financial accounting, Paid-in capital is one of the most essential components of the equity of a business and can be defined as the payments received in full (cash or assets) from shareholders (creditors or investors) in exchange for a company's stock. It comprises of common stock and preferred stock.

3 0
3 years ago
Deadweight loss is the a. decline in government revenue when taxes are reduced in a market. b. decline in consumer surplus when
Marat540 [252]

Answer:

D, decline in total surplus that results from a tax.

Explanation:

Dead-weight loss is also known as excess burden. It is a situation where in there is a loss of economic sufficiency as a result of tax.

This economic sufficiency is when the supply of goods and services aren't met. That is, there is no market equilibrium between demand and supply. Taxes, subsidies, price rise or fall can be the reason for dead-weight loss as it causes the imbalance of demand and supply of goods or services to the consumers through price manipulations.

To calculate dead-weight loss, change in price as well as change in quantity demanded are important factors to consider.

Cheers.

3 0
4 years ago
Read 2 more answers
person who does not lock the doors or does not repair leaks shows an indifferent attitude. This person presents what type of haz
ki77a [65]

A person who doesn't lock doors or fix leaks presents morale hazard.

<h3>What is morale hazard?</h3>

It refers to an unconscious attitude of an individual who is indifferent to the loss of their personal property that is covered by insurance, since the insurance could cover the damages that have occurred.

Therefore, morale hazard is the change in behavior that comes from the subconscious, generating indifference about the loss of goods because they are covered by insurance.

Find out more about morale hazard here:

brainly.com/question/15084670

#SPJ1

5 0
2 years ago
A ____ is a strategic alliance in which two existing companies collaborate to form a third, independent company. question 37 opt
d1i1m1o1n [39]

A Joint Venture is a strategic alliance in which two existing companies collaborate to form a third, independent company.

4 0
3 years ago
Read 2 more answers
Other questions:
  • Sales for the year for Victor Company were $1,000,000, 70 percent of which were on credit. The average gross profit on sales was
    13·1 answer
  • What is the difference between streak and color?
    7·2 answers
  • Wanda owns a lemonade stand. She produces lemonade using five inputs: water, sugar, lemons, paper cups, and labor. Her costs per
    15·1 answer
  • Kenzi kayaking a manufacturer of kayaks began operations this year. During this first year the company produced 1075 kayaks and
    11·1 answer
  • On October 1, 2022, Ivanhoe Company places a new asset into service. The cost of the asset is $87500 with an estimated 5-year li
    15·1 answer
  • An investment of $9,875 earns 4.8% interest compounded monthly over 12 years. approximately how much interest is earned on the i
    6·2 answers
  • Apple Computers Issued a 30-year $8,000,000 bond on January 1, 20xx with a 5% stated interest rated. Interest is paid semiannual
    6·1 answer
  • What are your rights under the consumer credit law?
    8·1 answer
  • Match the scenarios with the economic concepts they illustrate. Positive externality substitution effect negative externality in
    12·1 answer
  • When applying a questioning mindset, what follows identify whether there is sufficient evidence to support the conclusion?.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!