George's T-Shirt Shop produces 5,000 custom printed T-shirts per month. George's fixed costs are $15,000 per month.
Question:
George's T-Shirt Shop produces 5,000 custom printed T-shirts per month. George's fixed costs are $15,000 per month. The marginal cost per T-shirt is a constant $4. What is his breakeven price? What would be George's breakeven price if George were to sell 50% more shirts?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (18 reviews)
Production of Tshirts 5000 units Fixed cost 15000 Marginal cost per Tshirt 4 Break...View the full answer
Answered By
Talha Talib
I am a member of IEEE society. As i am a student of electrical engineering badge 17 but beside of this i am also a tutor in unique academy. I teach calculus, communication skills, mechanics and economics. I am also a home tutor. My student Muhammad Salman Alvi is a brilliant A-level student and he performs very well in academics when i start to teach him. His weak point was mathematics but now he is performing well in mathematics. I am a scholarship holder in Fsc as i scored 1017 marks in metric out of 1100. Later on i got scholarship in Punjab Group of Colleges. I got 2nd position in robotics competition in 2018 as my project home automation select for the exhibition in Expocentre.
4.60+
23+ Reviews
62+ Question Solved
Related Book For
Managerial Economics A Problem Solving Approach
ISBN: 978-1133951483
3rd edition
Authors: Luke M. Froeb, Brian T. McCann, Mikhael Shor, Michael R. War
Question Posted:
Students also viewed these Economics questions
-
The marginal cost for a product is MC = 6x + 4 dollars per unit, and the cost of producing 100 items is $31,400. (a) Find the fixed costs. (b) Find the total cost function.
-
If the marginal cost for a product is MC = 4x + 2 and the production of 10 units results in a total cost of $300, find the total cost function. Cost, revenue, and profit are in dollars and x is the...
-
If the marginal cost for a product is MC = 3x + 50 and the total cost of producing 20 units is $2000, find the total cost function. Cost, revenue, and profit are in dollars and x is the number of...
-
Solve for y' y' = y = 71-x 3
-
Write the Lewis structure for each of the following species, describe its geometry, and indicate the oxidation state of the nitrogen: (a) NH4+ (b) NO2- (c) N2O (d) NO2.
-
What do you understand by convergence of Fourier series in the mean?
-
Presented below are the balance sheet accounts of the Mayfair Company as of December 1, 2017. The accounts are listed in random order. During the month of December 2017, the following events...
-
Canada Brewers Ltd. has just created a new division to manufacture and sell single-cup coffee makers under licence from a major single-cup coffee producer. The facility is highly auto- mated and so...
-
A company can purchase a piece of equipment for $3,780.The equipment has a three-year life and will produce cash inflows of $1,200 in each of the first and second years and $2,780 in the third...
-
A helium balloon hovers in midair, neither ascending nor descending. Is it in equilibrium? What forces act on it?
-
Multiple-Choice Questions 1. Which of the following will increase the breakeven quantity? a. A decrease in overall fixed costs b. A decrease in the marginal costs c. A decrease in the price level d....
-
Suppose an initial investment of $100 will return $50/year for three years (assume the $50 is received each year at the end of the year). Is this a profitable investment if the discount rate is 20%?
-
Find the total area of the region between the graph of and the x-axis. (x) = 5 - 5x 2/3 , -1 x 8
-
Winthrop Corporation produces and sells a single product. Data for that product are: Sales price per unit Variable cost per unit Fixed expenses for the month Currently selling $285 $170 $690,000...
-
Consider three assets with returns in three states of nature as follows: 2 3 0 -(1) 2 3 T1 = 2 4 2 3 72 = , 13 = where k 0 is a parameter. (i) Examine whether or not this asset structure is...
-
Given that a typical cell has a diameter of about 1 0 ???? , and the human body has a density of about 1 0 0 0 ???? ???? ???? 3 . Part A Estimate the number of cells in an adult human body of mass 8...
-
Question 3 (1 point) Compass Cleaning Company operates a chain of dry-cleaning stores across the country. Each store manager has authority to make investments as needed. Head office evaluates the...
-
(c) An infinite two-dimensional square grid of identical resistors, R, has two leads that connect across the ends of one resistor R in the grid as shown in Figure (c). What is the equivalent...
-
When will the balance in the intercorporate investment account be the same if the investment is carried at fair value, or if the equity method of accounting is used?
-
What are multinational corporations (MNCs) and what economic roles do they play?
-
Explain the ways in which a depository institution can accommodate withdrawal and loan demand.
-
Seventy-two percent of the members of the United Food and Commercial Workers Local 655 voted to strike against Stop n Shop in the St. Louis area. In fear of similar union responses, two of Stop n...
-
Florida, like several other states, has passed a law that prohibits price gouging immediately before, during, or after the declaration of a state of emergency. Price gouging is defined as . . ....
-
In a recent speech, the governor of your state announced: One of the biggest causes of juvenile delinquency in this state is the high rate of unemployment among 16 to 19 year olds. The low wages...
-
Identify where predominance of US logistics infrastructure is located Logistics percent of product cost Cross docking benefits warehousing strategy vs distribution center strategy Calculating sea and...
-
FV = 8250 PV = 5000 I/R = 5% APR compounded monthly PMT = 0 Find number of years
-
The following cost data pertains to Crazy Cow Corp. for December 31 st , 2022: Ending Raw Materials Inventory: $160,000 Beginning Work-in-Process: $40,000 Ending Work-in-Process: $20,000 Direct...
Study smarter with the SolutionInn App