It costs $50,000 to start a production process. Variable cost is $25 per unit and revenue is $45 per unit. What is the break-even point?

Checks and drafts are considered informal contracts as their method of creation varies from one bank to another

Indicate whether the statement is true or false

Which of the following is a consequence of a low minimum efficient scale?

A. Preventing a firm from utilizing capital equipment fully B. Necessitating centralized production in a single location or a limited number of locations C. Preventing a firm from accommodating demands for local responsiveness D. Increasing the unit cost of products E. Allowing a firm to hedge against currency risk by manufacturing the same product in several locations