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the price at which a firm is just able to cover all of its costs , including the opportunity cost of capital
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When does equilibrium price in economics happen?
equilibrium price in economics happens when demand for and supply of the products equals
How do you get the break-even point?
Original answer: Break-even = fixed cost/ (price - variable cost)Additional: This equation gives the answer as the number of units of the product.
What happens to the break even point if fixed costs increase but variable cost and price remain the same?
the break even point goes up
First Indian economist who won the nobel price in economics?
First Indian economist who won the nobel price in economics?
What does 'price floor' mean in economics?
In economics, price floor is the lowest allowed price a commodity can be sold at. They are used by the government to keep some prices from being too low.
Break even price?
Breakeven price is that price where firms are at no profit and no loss stage.
What is the break even price on corn?
It is estimated that the true break even price on corn is about $4.58 per bushel. That is based on a yield of about 200 bushels per acre.
When does equilibrium price in economics happen?
equilibrium price in economics happens when demand for and supply of the products equals
How do you get the break-even point?
Original answer: Break-even = fixed cost/ (price - variable cost)Additional: This equation gives the answer as the number of units of the product.
What happens to the break even point if fixed costs increase but variable cost and price remain the same?
the break even point goes up
First Indian economist who won the nobel price in economics?
First Indian economist who won the nobel price in economics?
What will happen to a company's break even point if the sales price and unit variable cost of its only product increases by the same dollar amount?
the break even increase
In finance what is BEQ?
Break Even Quantity The formula is the fix cost/price-variable
Fixed operating cost 500 thousands dollars its variable costs are 3 dollars per unit and product sales price is 4 dollars what is the company break even point?
Break even point = Fixed cost / contribution margin ratio Contribution margin ratio = (Sales price - variable cost ) sales price Contribution margin ratio = (4 - 3 ) / 4 = 25% Break even point = 500,000 / .25 Break even point = 2,000,000
What does 'price floor' mean in economics?
In economics, price floor is the lowest allowed price a commodity can be sold at. They are used by the government to keep some prices from being too low.
Using above data ; Determine the break-even?
To calculate the break-even point, you need to know the fixed costs, variable costs per unit, and the selling price per unit. Break-even point (in units) = Fixed Costs / (Selling Price per Unit - Variable Cost per Unit) Without specific values for fixed costs, selling price per unit, and variable cost per unit, I can't provide you with an exact break-even point. Please provide these values, and I'll be happy to help you calculate the break-even point.
What is the definition of economics by J.H Davenport?
He defined economics as the science that treats phenomena from the standpoint of price
