If a firm has fixed costs of $3,000, the price of its product is $4.00, and the per unit variable costs are $1.00, the break even level of output is 3,000 units.
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Q1: An upward shift in the fixed cost
Q2: The numerical value of the slope of
Q3: Total revenue equals price times quantity.
Q4: The total revenue function TR = .5Q
Q5: The payback method does not consider the
Q7: Break even analysis is used to determine
Q8: If a firm has no sales, it
Q9: Fixed costs
A) are greater than variable costs
B)
Q10: One use for break even analysis is
Q11: Linear break‑even analysis assumes that variable costs
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