[eels] Russell runs a small company called "Eels for Feels" that sells eels to the general public as pets. When starting the company, he chose to use a break-even pricing strategy, as he wasn't using this business to make a profit. If his total fixed costs are $2,000, his unit variable cost is $10, and he sells 80% of his total capacity of 300 eels, what is the break-even price that Russell will charge per eel? O $18.33 O $10.00 O $16.67 O $43.33 O $30.00

[eels] Russell runs a small company called "Eels for Feels" that sells eels to the general public as pets. When starting the company, he chose to use a break-even pricing strategy, as he wasn't using this business to make a profit. If his total fixed costs are $2,000, his unit variable cost is $10, and he sells 80% of his total capacity of 300 eels, what is the break-even price that Russell will charge per eel? O $18.33 O $10.00 O $16.67 O $43.33 O $30.00

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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