A marketer's fixed costs are $400,000. The variable cost is $16 per unit, and the price of the product is $24 per unit. If the company wants to make a profit, how many units must it sell and at what price?

What will be an ideal response?


If the company wants to make a profit, it must sell more than 50,000 units at $24 each.

Business

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Fill in the blank(s) with the appropriate word(s).

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Which of the following is a common trait of close corporations?

A. There is no established market for the stock. B. The shareholders are large in number. C. Shareholders usually live in different geographic areas. D. Only few of the shareholders are active in the business.

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Answer the following statement true (T) or false (F)

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Fill in the blank(s) with the appropriate word(s).

Business