If price was $1.40 per gallon and increased to $2.00 per gallon, how does quantity of gasoline demanded change?
Responses
460 million gallons to 600 million gallons
600 million gallons to 460 million gallons
550 million gallons to 460 million gallons
460 million gallons to 700 millions gallons
Answers
The quantity of gasoline demanded decreases from 600 million gallons to 460 million gallons when the price increases from $1.40 to $2.00 per gallon.
We would expect the quantity of gasoline demanded to fall from 460 million gallons to about 328 million gallons.
When the price of gasoline rises from $1.40 per gallon to $2.00 per gallon, the quantity of gasoline demanded typically falls.
This happens because the law of demand states that as the price of a good increase, the quantity of that good demanded decreases, ceteris paribus.
This means that all other things being equal, consumers will generally buy less gasoline when the price goes up. In this case, the price of gasoline has increased by about 43% ($2.00 ÷ $1.40 = 1.43), so we would expect the quantity of gasoline demanded to fall by a corresponding percentage.
Using the midpoint method, we can estimate that the price elasticity of demand for gasoline is about -0.67. This means that a 43% increase in price will lead to a 28.81% decrease in the quantity demanded.
To calculate this, we use the formula:% Change in Quantity Demanded = Price Elasticity of Demand x % Change in Price= -0.67 x 43%= -28.81%
This is calculated as follows: Quantity Demanded After Price Increase = Quantity Demanded Before Price Increase x (1 + % Change in Quantity Demanded)= 460 million gallons x (1 - 0.2881)= 328 million gallonsTherefore, the correct answer is 460 million gallons to 328 million gallons.
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Related Questions
Tim Horton wants to raise funds to open a branch of their coffee shop in Trinidad. To raise the funds, Tim Horton would sell bonds 100 $1,000 par value with a coupon interest rate of 6%. The bonds would mature in 15 years and interest would be paid semi-annually. The required rate of return is expected to be 8%.
Requirement:
a) Calculate the value of one bond
b) What is the total amount Tim Horton would raise if all bonds were sold?
Answers
Answer:
a) The value of one bond is $837.08.
b) The total amount Tim Horton would raise if all bonds were sold is $83,708.
Explanation:
a) Calculate the value of one bond
This can be calculated as follows:
Annual coupon = Bond face value * Coupon interest rate = $1,000 * 6% = $60
Annual coupon discount factor = ((1 - (1 / (1 + r))^n) / r) .......... (1)
Where;
r = required semi-annual rate of return = required annual rate of return / number of semi-annual in a year = 8% / 2 = 0.08 / 2 = 0.04
n = number of semi-annuals = number of years * number of semi-annual in a year = 15 * 2 = 30
Substituting the values into equation (1), we have:
Semi-annual coupon discount factor = ((1-(1/(1 + 0.04))^30) / 0.04) = 17.2920333006645
Present value of coupon = ((Annual coupon / number of semi-annual in a year) * Semi-annual coupon discount factor) = (($60 / 2) * 17.2920333006645 = $528.76
Present value of the face value of the bond = Face value of the bond / (1 + r)^n = ($1,000 / (1 + 0.04)^30 = $308.32
Therefore, we have:
Bond value = Present value of coupon + Present value of the face value of the bond = $528.76 + $308.32 = $837.08
Therefore, the value of one bond is $837.08.
b) What is the total amount Tim Horton would raise if all bonds were sold?
Number of bonds expected to be sold = 100
Value of one bond = $837.08
Total amount that would be raised = Number of bonds expected to be sold * Value of one bond = 100 * $837.08 = $83,708
Therefore, the total amount Tim Horton would raise if all bonds were sold is $83,708.
Which are affected by the factors of production? Check all that apply.
A.) the demand of the item
B.) the availability of the item
C.) the cost of the item
D,) the quality of the item
E.) the popularity of the item
Answers
Answer:
A
C
D
Explanation:
without demand no reason to product it
The cost of a item also greatly affects it
and how well they can make it without being too expensive
Does the idea that population increases as technology increases that’s leading more to apply in the same way in advance nations as it does in the developing nations?
Yes, population increases almost always lead to war in both cases
Yes, theories of war apply equally in all circumstances
No advanced nations never have said in population increases
No the theory of population in Technology assume scarce resources
Answers
No the theory of population in Technology assume scarce resources. The corrtect answer is option (D).
How has technology increased population growth?All across the world, new developing technologies are being used for improving human welfare. Agriculture is producing more as new technologies advance, which is why mortality is down and fertility is rising. By increasing productivity, new technologies can contribute to population growth.
Rapid population growth makes it more challenging for low-income and lower-middle-income nations to pay the rise in public spending per capita required to end poverty, end hunger and malnutrition, and provide universal access to health care, education, and other important services.
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Who heads each of the branches of federal reserve banks and looks after their functioning?
Answers
Answer: The chair of the board, governors of the federal reserve system is the chief of the federal reserve which is the central banking system of the United States.
Answer:
Board of Governors
Explanation:
3. ______ are defined as goods or services that are required for health and safety.
Answers
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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True or false: Some managers feel that listening endangers their authority, so they speak more and listen less.
Answers
The statement that Some managers feel that listening endangers their authority, so they speak more and listen less is True.
Who is a managers?A managers can be regarded as the one that take care of the planning as well as directing of the organization in order to achieve the organizational goals.
Therefore, as a manager, you should know that listening too much can endangers your authority.
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2. A business installs a free chilled water drinking machine
for staff. This is an example of: (1)
A
B
С
D
a non-financial method of motivation
a promotional method
an improvement to customer service
organic growth
Answers
Which of the following will be accomplished by efficient allocations of the factors of production?
guaranteeing economic success
understanding whether a product will fail
fulfilling many needs and wants of society
replenishment of limited resources
Answers
Answer:C
Explanation: Just took the test:)
What will be accomplished by efficient allocations of the factors of production is fulfilling many needs and wants of society
What are factors of production?factors of production can be regarded as those factor that make production possible such as capital and land.
Therefore, fulfilling many needs and wants of society is one of beauty of production.
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How can a person become a dentist
Answers
Explanation:
It generally takes eight years to become a dentist: four years to earn a bachelor's degree as an undergraduate and four years to earn a DDS or DMD in dental school. If you're interested in specializing, you'll also need to complete a dental residency (more on that below).
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As compared to tangible resources, brand value is unlikely to be a source of sustainable competitive advantage because it cannot be easily imitated. True or false
Answers
As compared to tangible resources, brand value is unlikely to be a source of sustainable competitive advantage because it cannot be easily imitated.
This is a False statement.
Why the given statement is false?To maintain a competitive advantage over time, a resource must be challenging to duplicate or replace. Any competitive advantage acquired from it will be lost as soon as another company obtains it (or a resource identical to it). This is particularly true if the resource only offers a temporary competitive advantage and may be quickly replaced or imitated.
In certain situations, it is harder to duplicate a resource:
1. The resource derives from a company's distinct past.
2. It's unclear how the resource is related to the competitive advantage it offers.
3. The asset is socially complicated.
What is brand Value?A philosophy of investment is necessary for brand value. The sale or replacement value of a brand is simply its brand value. This definition may be helpful to investors and those who must include a "goodwill" word on the balance sheet's right-hand side.
The sale or replacement value of a brand is simply its brand value. This definition may be helpful to investors and those who must include a "goodwill" word on the balance sheet's right-hand side. This type of accounting entry documents the net present value of long-term value produced by investments in brand assets.
Thus, It should be noted that having such a balance sheet item enables managers to treat brand-related charges as investments rather than expenses with long-term rewards.
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During Samuel Gompers' tenure as a president of the American Federation of Labor (AFL), an unauthorized group within the organization called the _______ began to organize workers in industrial unions.
Answers
During Samuel Gompers' tenure as president of the American Federation of Labor (AFL), an unauthorized group within the organization called the Industrial Workers of the World (IWW) began to organize workers in industrial unions.
The IWW was founded in 1905 by a group of labor activists who believed that traditional craft unions, such as those represented by the AFL, were too narrow in their focus and excluded large numbers of workers. The IWW sought to organize workers across industries and trades and advocated for more radical tactics such as direct action and sabotage.
Gompers and the AFL leadership were highly critical of the IWW, viewing their tactics as overly confrontational and their goals as unrealistic. The AFL instead focused on organizing skilled workers and using collective bargaining to achieve incremental gains in wages and working conditions.
Despite these differences, the IWW and the AFL did collaborate on occasion, particularly during major strikes such as the Lawrence textile strike in 1912. However, the two organizations remained ideologically opposed, and the IWW ultimately remained a small and marginalized force within the labor movement.
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Mary is a stay-at-home mother whose husband died. She has two small
children to care for, and her husband was the primary wage earner for their
family. What Social Security benefits would care for Mary and her children?
A) retirement benefits
B) disability benefits
C) survivor’s benefits
D) worker’s compensation
Answers
Answer:
The answer that I think would be correct is option C (survivors benefits)
Explanation:
Retirement benefits definition: a form of social insurance payment made by the US Social Security (for age 62 and older) considering that Mary has two small kids, she probably isn't that old.
Disability benefits: in order to be eligible, you have to be unable to do regular or customary work for at least right days. Considering the fact that Mary is a stay at home mother then she wouldn't be employed.
Survivors benefit: this allows a retiree to ensure after death, a continuous lifetime annuity for their dependents.
Workers compensation: provision of benefits to employees who suffered work related injuries. Mary's husband most likely didn't die in the work place.
Business are centers that offer businesses in the critical stage of early development low-cost offices and access to basic services such as accounting, legal advice, and secretarial help.a. Trueb. False
Answers
The given statement "Business are centers that offer businesses in the critical stage of early development low-cost offices and access to basic services such as accounting, legal advice, and secretarial help" is true. Incubators provide start-up companies with inexpensive offices and essential services like accounting, legal counsel, and secretarial assistance during their crucial early development stage.
According to SCORE business counsellor Ron Consolino, the U.S. Small Business Administration asserts that five factors—drive, thinking ability, people skills, effective communication, and technical aptitude—determine a small business owner's success. These are the people who frequently use their own funds to finance companies. This investment may be made in accounting for stock or a stake in the company. When management is no longer able to personally oversee or control an organization's operations, the internal controls become crucial.
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Answer:
incubators
Explanation:
What are the steps (in sequence) involved in the consumer decision making process? Briefly explain how the retailer can develop strategies during each step so that the customer favors the retailer
Answers
Answer:
Problem recognition: Recognizes the need for a service or product
Information search: Gathers information
Alternatives evaluation: Weighs choices against comparable alternatives
Purchase decision: Makes actual purchase
Post-purchase evaluation: Reflects on the purchase they made
Explanation:
there are 5 steps in the consumer decision making process.
PLEASE HELP ASAPP
PLEASE MAKE THE ANSWER CLEAR EASY TO UNDERSTAND YOU DONT NEED TO EXPLAIN THANK YOU.
Answers
Answer:
health insurance/current total (gross NOT net) and move your decimal over =%
Explanation:
the term that covers all expenditures by households on goods and services is known as expenditures. is the menaing of ____
Answers
The term that covers all expenditures by households is known as personal consumption expenditures.
Personal consumption expenditure:It is a measure of how much goods and services cost to buy from people who live in the United States or from people who buy on their behalf. The PCE price index is well-known for keeping track of inflation (or deflation) across a wide range of consumer expenses and capturing shifts in consumer behavior.
The PCE inflation rate is determined by comparing the sum of the dollar amounts of all goods and services in a basket with those of the previous month.
What are the three types of personal expenditures for consumption?Private consumption expenditure falls into three broad categories in national income accounting: costs associated with services, durable goods, and nondurable goods.
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holding companies are organizational forms that exist primarily to facilitate control over large family-owned businesses. [see p.146] group of answer choices true false
Answers
True. Holding companies are commercial structures that are typically used to facilitate control over huge family-owned enterprises.
What is commercial structure?
Any building used or intended for use as a country club, private or nonprofit meeting space, club, business office, bank, retail or wholesale establishment, lumberyard, nursery, proprietary school, professional office, or any other type of commercial, social, or community use is referred to as a "commercial structure" (excepting church or school structures). However, "commercial structure" shall not include any building or structure constructed or reconstructed for the elderly and handicapped pursuant to Title 15 of this Code, or pursuant to Title 25 or 26 of the California Administrative Code.
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You have $69,000. You put 15% of your money in a stock with an expected return of 15%,$31,000 in a stock with an expected return of 18%, and the rest in a stock with an expected return of 21%. What is the expected return of your portfolio? The expected return of your portfolio is \%. (Round to two decimal places.)
Answers
To calculate the expected return of your portfolio, we need to consider the weight or proportion of each stock in your portfolio and multiply it by the expected return of that stock. Here's how you can calculate it:
1. Calculate the amount of money invested in each stock based on the given percentages:
- Amount invested in the stock with a 15% expected return: 15% * $69,000 = $10,350
- Amount invested in the stock with an 18% expected return: $31,000
- Amount invested in the stock with a 21% expected return: Remaining balance = $69,000 - $10,350 - $31,000
2. Calculate the weighted average of the expected returns:
- Multiply the amount invested in each stock by its expected return.
- Sum up the results and divide by the total amount invested.
Let's calculate the expected return of your portfolio:
Expected return from the stock with a 15% expected return: 15% * $10,350 = $1,552.50
Expected return from the stock with an 18% expected return: 18% * $31,000 = $5,580
Expected return from the stock with a 21% expected return: 21% * (Remaining balance)
To find the expected return of the portfolio, we need to calculate the remaining balance:
Remaining balance = $69,000 - $10,350 - $31,000 = $27,650
Expected return from the stock with a 21% expected return: 21% * $27,650 = $5,802.50
Now, sum up the expected returns from each stock:
Total expected return = $1,552.50 + $5,580 + $5,802.50
Finally, divide the total expected return by the total investment amount ($69,000) and multiply by 100 to express it as a percentage:
Expected return of your portfolio = (Total expected return / $69,000) * 100
Calculating the expected return:
Expected return of your portfolio = (($1,552.50 + $5,580 + $5,802.50) / $69,000) * 100
Expected return of your portfolio ≈ 16.45%
Therefore, the expected return of your portfolio is approximately 16.45% (rounded to two decimal places).
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GOOD MORNING pls answer this
which phrase best completes the diagram?
Answers
Answer:
A.
Explanation:
I would think A. cuz the others does make much sense. I apologize if its incorrect.
The phrase which best completes the diagram is liability divided among owners. Thus the correct answer is A.
What is a partnership?When two or more two people come with the objective to manage the operation of a business by making an alliance, by sharing capital for investment and profit or loss of the organization. The collaboration is said to be a partnership.
A corporation refers business organization where the financial investment is done by the shareholders in exchange for some percentage of the ownership or profit of the organization.
Both the cooperation and partnership involve the distribution of liability among the owners. As they are the ones who took operations and management. The liability of the partner is unlimited in a general partnership and limited in a limited partnership whereas corporate owners have limited liability.
Therefore, option A is appropriate.
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All of the following actions lead to the payment of a credit card fee EXCEPT... a) Using your credit card to get cash from an ATM. b) Using your credit card to purchase items in a foreign country. c) Paying your credit card bill ten days after the Due Date. d) Paying your credit card bill in full and on time every month.
Answers
Answer:
d) Paying your credit card bill in full and on time every month
Explanation:
Credit cards are a convenient manner to pay for shopping and other expenses. However, they have numerous interest charges that may add to huge amounts if one is not careful.
Credit card charges interest on bill paid after their due date. Paying the entire credit card bill at the end of every month is one way of avoiding penalties.
Using a credit card to withdraw cash attracts charges, the same as making foreign transactions.
Answer:
d) Paying your credit card bill in full and on time every month
Explanation:
Residential plan views are usually drawn to a scale of _____ in. = ______ ft. _____ in
Answers
Answer:
Bbg
Explanation:
Bbbhhh
The Architecture and Construction career cluster is a group of careers focused on
O designing, constructing, and maintaining buildings and other structures,
O assembly of buildings and structures.
O designing and planning buildings.
O identifying the safety standards for building regulations.
Answers
The correct answer is Designing, constructing, and maintaining buildings and other structures.
Explanation:
A career cluster groups different careers related to the same area of knowledge and similar applications. In the case of architecture and construction, this includes careers such as architecture, civil engineering, carpentry, paving operators, etc. Moreover, these careers are all related to creating buildings or structures, which involve designing or planing the structures, then constructing them, and finally, dealing with the maintenance of the building. This includes the creation of houses, bridges, roads, etc.
Answer:
answer is A
designing constructing, and maintaining buildings and other structures.
Explanation:
hope this helps!
To prevent loss of work on the computer, it is essential to:
A. file your document.
B. save your document frequently.
C. name your document frequently.
D. open your document
Answers
Answer:
B. save your document frequently
Explanation:
Saving your documents time to time will prevent loss of work on computer which could be possible due to different reasons like electricity off, some wiring issue or even hardware/software of computer could be hanged.
So saving frequently can save your work also it is best practice to save in different name so that older history is maintained.
New solution to these problems are using cloud based documents those auto save your work and also maintain history.
you have been put in charge of a manufacturing plant’s new product line and need to choose first-line managers to supervise the line’s workers. what level of manager are you?
Answers
As the person in charge of a manufacturing plant's new product line and responsible for selecting first-line managers to supervise the line's workers, you would likely be in a middle management role.
Middle managers are responsible for overseeing the work of front-line or first-line managers, who in turn supervise workers directly involved in the production process. Middle managers are responsible for implementing the strategic decisions made by top-level managers and ensuring that the day-to-day operations of the manufacturing plant run smoothly.In this role, you would be responsible for setting production goals, monitoring progress, managing resources, and ensuring that the first-line managers you select have the necessary skills and resources to effectively supervise the workers on the new product line.Overall, your role as the person in charge of the new product line in a manufacturing plant would be an important one, requiring a combination of technical knowledge, management skills, and leadership abilities to successfully launch and manage the production process.
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2. If changes happen during September or October, which expenses will you be able to change most easily? Give an example of how you could make a change. (5 points)
Answers
The correct answer to this open question is the following.
Although the question does not provide any context, references, or give options, we can say that if changes happen during September or October, the expenses you will be able to change most easily are according with the provisions projected in the annual plan, the budget, compared with the monthly expenses.
That is why a company has to elaborate on a good financial plan and overseeing the projections and true sales of the marketing and sales plan. This is important to take the proper control of expenses and revenues. Depending on the volume of sales during September and October, you can decide what kind of changes or adjustments to make in the following months.
Answer:
I would be able to change the variable expenses most easily. Such as food, clothing, and discretionary spending.
I could make the change by
Budgeting in October:
food from spending -$70 back to -$60
cut clothes off since I bought some already from -$40 to $0
budget my discretionary spending from -$60 back to -$40
This would increase my savings to $230
the final step in implementing a stakeholder perspective is identifying stakeholders. a. true b. false
Answers
The statement "the final step in implementing a stakeholder perspective is identifying stakeholders" is False. This is because identifying stakeholders is the first step in implementing a stakeholder perspective.
The correct sequence of steps in implementing a stakeholder perspective is as follows
1. Identify stakeholders: Identify the individuals and groups who are affected by the organization's actions and have an interest in its performance.
2. Prioritize stakeholders: Determine which stakeholders are most critical to the success of the organization and how they should be prioritized.
3. Engage stakeholders: Develop appropriate methods for engaging stakeholders in the organization's activities and decisions.
4. Manage stakeholder relationships: Develop and maintain relationships with stakeholders that are positive and productive, and respond appropriately to stakeholder concerns and issues
.5. Monitor and report on stakeholder engagement: Monitor stakeholder engagement activities and report on the organization's progress in meeting stakeholder needs and expectations.
Therefore, the correct answer is False.
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what is calleda cost remains unchanged when the volume of activity changes within the relevant range.
Answers
Within the appropriate range, the total fixed costs stay constant. However, as output rises, the fixed cost per unit falls since the same fixed costs are shared over more units. The following two graphs show how fixed costs and output volume are related.
What is total fixed costs?Total fixed cost (TFC) is the cost that does not fluctuate while the output level changes. The cost that varies as the output level changes is known as the total variable cost (TVC). The total cost (TC) is the sum of the total fixed and variable costs. Add up your variable costs and divide by the quantity of units you generated to get your total cost of production. You will then be given your overall fixed cost. Salaries, energy costs, insurance, rent and lease charges, and loan repayments are a few examples of fixed costs.
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Fill in the blanks Domain 2 lesson 3
Answers
Developing a sales presentation is part of the preparation step of a sales process.
What is involved in preparation step of a sales process?The preparation step of a sales process is crucial in ensuring the success of the sales interaction. In this stage, the salesperson researches the potential client, their needs and preferences, and prepares a strategy for approaching them.
All these includes gathering information on the client's industry, competitors, and business objectives. The salesperson should also research the client's budget and purchasing power to ensure that the product or service they are offering is a good fit.
In addition, the salesperson should prepare a presentation or proposal that highlights the unique value proposition of their product or service and how it can meet the client's needs.
Full question "Fill in the blanks Domain 2 lesson 3. Developing a sales presentation is part of the ________ step of a sales process. [Elements of a Sales Process]
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USD 2.2083. Suppose Raymond buys the put options and the spot rate in 6 months is USD 2.49/SGD. What will his net profit or loss per SGD be if he acts rationally? a. 0.1550 b. −0.2817 c. 0.2817 d. −0.1550
Answers
The net profit or loss per SGD for Raymond, if he acts rationally, would be option b. -0.2817. This is calculated by subtracting the spot rate of USD 2.49/SGD (higher than the strike price of USD 2.2083/SGD) from the strike price, and then converting the difference back to SGD using the spot rate. The result is a loss of 0.2817 SGD per option.
To calculate the net profit or loss per SGD, we need to consider the difference between the strike price and the spot rate. In this case, the strike price is USD 2.2083/SGD. Since Raymond bought put options, he would exercise them if the spot rate is higher than the strike price.
The spot rate given is USD 2.49/SGD, which is higher than the strike price. To calculate the profit or loss, we subtract the strike price from the spot rate: USD 2.49/SGD - USD 2.2083/SGD = USD 0.2817/SGD.
To convert this difference back to SGD, we divide it by the spot rate: USD 0.2817/SGD ÷ USD 2.49/SGD = -0.1131 SGD.
Therefore, the net profit or loss per SGD for Raymond would be -0.2817 SGD (approximately -0.28 SGD).
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alvarez company's break-even point in units is 1,000. the sales price per unit is $10 and variable cost per unit is $7. if the company sells 2,500 units, what will income be?
Answers
Alvarez Company's break-even point in units is 1,000. The sales fee per unit is $10 and the variable price per unit is $7.
How do you calculate the variable cost per unit in a breakeven chart?Break-Even Price
Variable Costs Percent per Unit = Total Variable Costs / (Total Variable + Total Fixed Costs)
Total Fixed Costs Per Unit = Total Fixed Costs / Total Number of Units.
Break-Even Price = 1 / ((1 - Total Variable Costs Percent per Unit)*(Total Fixed Costs per Unit))
Break-Even Sales Formula = FC / (ASP-AVC)
FC is the Fixed Cost. ASP is the Average Selling Price per unit. AVC is the Average Variable Cost per unit.
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