Multiple Choice
Firm B produces gadgets. The price of gadgets is $2 each. Firm B has total fixed costs of $300,000 and variable costs of $1.40 per gadget. The corporate tax rate is 40%. What is the breakeven number of gadgets B must sell to make a zero after-tax profit?
A) 300,000
B) 400,000
C) 500,000
D) 600,000
Correct Answer:
Verified
Correct Answer:
Verified
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