1. Buffalo Bob’s Wild Wings is a restaurant that sells only chicken wings. The restaurant has fixed costs per year of $200,000 and each wing (regardless of dressing) sells for $0.50 and costs $0.25 per. The profit/loss of the firm at 600,000 wings sold will be:

a) -$50,000 b) -$25,000 c) $0 d) $25,000 e) $50,000

2. Buffalo Bob’s Wild Wings is a restaurant that sells only chicken wings. The restaurant has fixed costs per year of $200,000 and each wing (regardless of dressing) sells for $0.50 and costs $0.25 per. The profit/loss of the firm at 1,000,000 wings sold will be:

a)-$50,000 b)-$25,000 c) $0 d) $25,000 e) $50,000

3. Buffalo Bob’s Wild Wings is a restaurant that sells only chicken wings. The restaurant has fixed costs per year of $200,000 and each wing (regardless of dressing) sells for $0.50 and costs $0.25 per. The profit/loss of the firm at 800,000 wings sold will be

a) -$50,000 b) -$25,000 c) $0 d) $25,000 e) $50,000

4. The break-even point for Buffalo Bob's Wild Wings is:

a) -$50,000 b) -$25,000 c) $0 d) $25,000 e) $50,000