Multiple Choice
What does a break-even point of 100 units mean to a firm?
A) The firm must sell 100 units to maximize its profits.
B) Fixed costs plus variable costs equals 100 units.
C) By producing 100 units, the firm can ensure that variable costs completely cancel its fixed costs.
D) If the firm sells 100 units, its total revenues will equal its total costs.
Correct Answer:
Verified
Correct Answer:
Verified
Q113: Cool Down Drinks, a national producer of
Q114: In the long run the market determines
Q115: Sherrie's Snacks has found that an effective
Q116: The uniqueness of convenience goods and services
Q117: One function of effective packaging is to
Q119: A brand includes practically all means of
Q120: Pricing is<br>A) one of the 4 Ps
Q121: The combination of all the factors that
Q122: Fashion experts readily understand the power of
Q123: Unsought goods and services fail to provide