A shoe company will make a new type of shoe. The fixed cost for the production will be $24,000. The variable cost will be $34 per pair of shoes. The shoes will sell for $100 for each pair. How many pairs of shoes will have to be sold for the company to break even on this new line of shoes? O 66 pairs O 241 pairs O 706 pairs O 364 pairs

A shoe company will make a new type of shoe. The fixed cost for the production will be $24,000. The variable cost will be $34 per pair of shoes. The shoes will sell for $100 for each pair. How many pairs of shoes will have to be sold for the company to break even on this new line of shoes? O 66 pairs O 241 pairs O 706 pairs O 364 pairs

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Description: A shoe company will make a new type of shoe. The fixed cost for the production willbe $24,000. The variable cost will be $34 per pair of shoes. The shoes will sell for$100 for each pair. How many pairs of shoes will have to be sold for the company t

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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1. A steel bar manufacturer business can make 15000 bar a week. It is determined that to achieve this production, the company need to spend 90000 pesos weekly for materials, utilities and transportation. The manager also pays a fixed cost of 10000 pesos per week. HOW MUCH per steel bar should they sell to gain a profit of 40% of the total cost?
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