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Economics

1) the automobile supply company has a small plant that produces speedometers exclusively. its annual fixed costs are $30,000 and its variable cost are $ 10/unit. it can sell a speedometer for $ 25. how many speedometers must the company sell to break even?

2) what is the break-even value?

3) the company sold 3,000 units last year. what was its profit?

4) Next year's fixed cost are expected to rise to $37,500. What will be the break even quantity?

5) If the company will sell the number of units obtained in the previous questions (number 11) and wants to maintain the same profit as last year, what its price need to be?

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Microeconomics, Economics

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