Production has indicated that they can produce widgets at a cost of $7.00 each if they lease new equipment at a cost of $17,500. Marketing has estimated the number of units they can sell at a number of prices (shown below). Which of the below is the price and volume option will allow the firm to avoid losing money on this project? (Show how this was derived.) 4,300 units at $11.00 each. 1,500 units at $18.50 each. 1,900 units at $16.00 each. 1,200 units at $21.00 each. 2,700 units at $13.50 each.
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
Production has indicated that they can produce widgets at a cost of $7.00 each if they lease new equipment at a cost of $17,500. Marketing has estimated the number of units they can sell at a number of prices (shown below). Which of the below is the price and volume option will allow the firm to avoid losing money on this project? (Show how this was derived.)
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4,300 units at $11.00 each.
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1,500 units at $18.50 each.
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1,900 units at $16.00 each.
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1,200 units at $21.00 each.
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2,700 units at $13.50 each.
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