Handheld fiber optic meters with white light polarization interferometry are useful for measuring temperature, pressure, and strain in electrically noisy environments. The fixed costs associated with manufacturing are $800,000 per year. If variable costs are $290 per unit and the company sells 4000 units per year, at what selling price per unit will the company break even?
What will be an ideal response?
Let x = selling price
0 = 4000x - [800,000 + 290(4000)]
x = $490/unit
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Fill in the blank(s) with the appropriate word(s).
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Answer the following statement true (T) or false (F)