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a) 1,500 units b) 2,000 units c) 2,500 units d) Unknown based on the given

a) 1,500 units b) 2,000 units c) 2,500 units d) Unknown based on the given

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Smithson Cutting is opening a new line of scissors for supermarket distribution. It estimates its fixed cost to be $500 and its variable cost to be $0.65 per unit. Selling price is expected to average $0.85 per unit. For Smithson Cutting, the break-even point in units is: a) 1,500 units b) 2,000 units c) 2,500 units d) Unknown based on the given
Transcribed Image Text:Smithson Cutting is opening a new line of scissors for supermarket distribution. It estimates its fixed cost to be $500 and its variable cost to be $0.65 per unit. Selling price is expected to average $0.85 per unit. For Smithson Cutting, the break-even point in units is: a) 1,500 units b) 2,000 units c) 2,500 units d) Unknown based on the given
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