Titan fitness makes barbells for crossfitters and wants to determine its break-even point. The total fixed cost for this business is $12000 and the variable cost is $120 per barbell. Titan fitness sells the barbell for $300 per unit. What is the break-even quantity? (Only enter a number, do not enter any units. Round your answer to the nearest whole number. @orsdemir, Copyrighted material)

Titan fitness makes barbells for crossfitters and wants to determine its break-even point. The total fixed cost for this business is $12000 and the variable cost is $120 per barbell. Titan fitness sells the barbell for $300 per unit. What is the break-even quantity? (Only enter a number, do not enter any units. Round your answer to the nearest whole number. @orsdemir, Copyrighted material)

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

See similar textbooks

Similar questions

How do we calculate the total amount of pagecant costs, price profit, profit make up and selling costs
In 1997 Fuller and coworkers at Texas A&M University estimated the operating costs of cotton gin plants of various sizes. The operating costs of the next to the smallest plant is shown in the following table. x 2000 4000 6000 8000 10000 12000 y 163,200 230,480 301,500 376,160 454,400 536,400 Here x is the annual number of bales produced, and y is the dollar total cost. (Use 4 decimal places in your answer.)A. Determine the best fitting line using least squares. Also determine the square of the correlation coefficient.The best fitting line is C(x) = .The square of the correlation coefficient is r2 = .B. The study noted that revenue was $63.25 per bale. At what level of production will this plant break even?The revenue equation is R(x) = The profit equation is P(x) = The production will break even when bales are produced.C. What are the profits or losses when production is 3000 bales? 4000 bales? (Round to the nearest cent.)When…
Output TFC TVC TC MC ATC A 25 25 В 1 25 25 50 25 50 C 2 25 40 65 32.5 3 25 70 95 E 25 110 33.75 F 5 25 160 50 What is the marginal cost of the 4th unit of output? 40 25 50 Cannot be determined.
10. Smart Phones, Inc. buys one model of smartphone, paying $2370 per case of 20 phones. Find the asking price for each assuming a 40% markup on cost.
After one month of operation, OU Café determined to shorten its business hours and close on weekends. What costs, fixed or variable, should OU Café have considered when it made the
discuss IKEA Variable product cost per item and Fixed product overhead costs per item
Melvin manufactures a single product. Total cost per unit is $70 when production is 100 units per week, and $62.50 when production is 160 units per week. What are the total fixed costs per week?
Show complete manual solution
The CDE Co. manufactures widgets which it sells for $9.00 each. The variable cost of each unit is $5.00. The firm's fixed costs are $60,000 per year. What is the firm's break-even quantity per year?
Cecil Green sells golf shirts. He knows that most people will not pay more than $40 for a golf shirt. Cecil needs a 35% markup on cost. What is the maximum Cecil should pay for his golf shirts? I need help working this problem out. I know the answer is $29.63 but I need it explain to me in detail how to come up with this answer so I know how to work it out on my midterm Tuesday. Please help
TV manufacturer can produce 200 TVs in a month at a total $140000 and 400 TVs at a total cost $300000. Find the company’s monthly fixed costs and marginal cost per TV.
Phil's Car Wash Inc. has alternative production methods it can use. Some details of the costs of using these methods are described in the table below: Production Production Number of cars washed per hour 0 1 2 3 4 5 6 11 10 9 8 7 6 5 Method 1 Fixed cost ($) Marginal Cost ($) 0 1 2 3 NNNNNNN 4 5 6 2 2 2 2 2 2 2 1 2 3 4 5 6 Method 2 Fixed cost ($) Marginal Cost ($) 10 10 10 10 10 10 10 a) What is the ATC of washing from one to six cars per hour using production method 1 and production method 2? Draw a graph of the Long-run Average total cost of washing from one to six cars per hour. How many cars would Phil need to expect to wash per hour for it to be optimal for his business to use production method 2? 1 1 Phil's business operates in a monopolistically competitive market. Demand for car washes from his firm is: Price Quantity demanded 1 1 1 1 b) Suppose Phil is using production method 1. Assume that his business must set the same price for each car wash. What will be the…