Kal Tech Engineering Inc manufactures video games. Variable costs are estimated to be $20 per unit and fixed costs are $10,875. The demand-price relationship for this product is Q = 1,000 - 4P where "P” is the unit sales price of the game and “Q” is the demand in number of units. The breakeven quantity/quantities is/are: Group of answer choices 50 370 and 870 100 370 870 50 and 870 100 and 870
Kal Tech Engineering Inc manufactures video games. Variable costs are estimated to be $20 per unit and fixed costs are $10,875. The demand-price relationship for this product is Q = 1,000 - 4P where "P” is the unit sales price of the game and “Q” is the demand in number of units. The breakeven quantity/quantities is/are: Group of answer choices 50 370 and 870 100 370 870 50 and 870 100 and 870
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Kal Tech Engineering Inc manufactures video games. Variable costs are estimated to be $20 per unit and fixed costs are $10,875. The demand -price relationship for this product is Q = 1,000 - 4P where "P” is the unit sales price of the game and “Q” is the demand in number of units. The breakeven quantity/quantities is/are:
Group of answer choices
50
370 and 870
100
370
870
50 and 870
100 and 870
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