If the price decreases, but fixed and variable costs do not change, the break-even point:
A) decreases.
B) increases.
C) remains the same.
D) may increase or decrease, depending on sales.
Answer: B
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Which of these statements about consumer demand as a pricing constraint is most accurate?
A. The number of potential buyers for the product class has little effect on the price a seller can charge. B. The number of potential buyers generally affects the price a seller can charge. C. The number of potential buyers for the brand affects the price a seller can charge in the growth stage of a product life cycle, but not in the introductory stage. D. The number of potential buyers for the product affects the price a seller can charge, but only if the product is a luxury item. E. The number of potential buyers for the product affects the price a seller can charge, but only if the product is a necessity item.
During the month of March, Baker's Express purchased 10,000 pounds of flour at $1 per pound. At the end of March, Baker's Express found that it had an unfavorable materials price variance of $500. The standard cost per pound must be
A) $1.95 B) $1.00 C) $1.05 D) $0.95
The constraint (x1 + x2 + x3 + x4 = 2) means that ________ out of the ________ projects must be selected. A) exactly 1, 2
Assume that we are using 0-1 integer programming model to solve a capital budgeting problem and xj = 1 if project j is selected and xj = 0, otherwise. B) exactly 2, 4 C) at least 2, 4 D) at most 1, 2