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Economics

Using the following data, answer the questions below:

Price per unit (P) = $2

Quantity produced (Q) = 12,000

Variable cost per unit (VC) = $0.50

Fixed cost (FC) = $14,000

What is the total profit?

What is the average cost per unit?

What is the breakeven quantity (round up to the nearest whole unit)?

If variable cost increases to $0.70, by how much will profit decrease (compared to your answer in part A)?

If the variable cost increases to $0.70, what is the unit contribution margin?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91708905

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