QUESTION IMAGE
Question
if your company sells a variety of products at different prices, how can you calculate the unit costs?
as a break - even point
as a fixed cost
as an average
as a variable cost
question 18
3 pts
if your company has very few competitors but strong demand, that means the supply is low and your selling price should be ________.
low
high
variable
break even
For the first question, unit costs are typically calculated as an average when a company sells various products at different prices. This involves dividing the total costs by the total number of units produced or sold. For the second question, when there are few competitors and strong demand, it implies low - supply relative to demand. According to the basic economic principle of supply and demand, the selling price should be high.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
First question: as an average
Second question: high