Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If breakeven point is 100 units, each unit sells for $30, and fixed costs are $1,000, then on a graph the: a. total revenue line
If breakeven point is 100 units, each unit sells for $30, and fixed costs are $1,000, then on a
graph the:
a.
total revenue line and the total cost line will intersect at $3,000 of revenue
b.
total cost line will be zero at zero units sold
c.
revenue line will start at $1,000
d.
All of these answers are correct.
Why this choose a?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started