Business, 13.02.2020 05:50 lollipop83

A firm has the capacity to produce 1,000,000 units of a product each year. At present, it is operating at 70 percent of capacity. The firm’s annual revenue is $700,000. Annual fixed costs are $300,000, and the variable costs are $0.50 per unit
a. What is the firm's annual profit or loss?
b. What is the price for each unit?
c. At what volume of sales (quantity) does the firm break even?

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A firm has the capacity to produce 1,000,000 units of a product each year. At present, it is operati...

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