Consider the market for gasoline, illustrated in the figure to the right. The equilibrium quantity of gasoline is ☐ million gallons (enter a numeric response using a real number rounded to two decimal places) and the equilibrium price is $ ☐ per gallon. If instead the market price were $1.75, then there would be a of million gallons. 5.00- s 4.50- 4.00- 3.50- 3.00 2.50- 2.00- Price of Gasoline (per gallon) 1.50- 1.00- D 0.50- 0.00- 3.5 10.5 14 17.5 21 24.5 28 31.5 35 Quantity of Gasoline (gallons in millions) ✓

Chris The use of fixed cost items to magnify the firm's results Correct! What are some uses for break-even analysis? Select all that apply, then click Submit below To see how much the changes in cost affect variable costs. To see how much the changes in volume affect cost and profit. To determine the magnitude of operations necessary to avoid loss. To figure out the most efficient level of fixed costs for the firm. To figure out the most inefficient way to make profit. To figure out the operating leverage. Submit