A company currently sells 10,00 . units at $9/unit and makes $20,00 . accounting profit. Variable costs currently stand at $6 per unit. By how much would variable costs have to increase before the company makes zero accounting profits?

a. $1.00
b. $2.00
c. $3.00
d. $4.00

b

Economics

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The table above gives a nation's investment demand and saving supply schedules. It also has the government's net taxes and expenditures. The loanable funds market is in equilibrium when the real interest rate is

A) 7 percent B) 4 percent. C) 3 percent D) 6 percent. E) 5 percent.

Economics

The production possibilities curve tells us that if full employment exists and a nation wishes to permanently increase its production of military goods, it must

A. also increase its production of nonmilitary goods. B. reduce its output of nonmilitary goods. C. suffer inflation. D. suffer unemployment.

Economics