Asaad has a project to sell children's toys, and it achieved a total revenue for this month (580,000) dinars, noting that the number of units sold is (50) units per month, and the cost of producing one unit amounted to (11,600),

Asaad has a project to sell children's toys, and it achieved a total revenue for this month (580,000) dinars, noting that the number of units sold is (50) units per month, and the cost of producing one unit amounted to (11,600),

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter5: Buying The Necessities

Section: Chapter Questions

Problem 20AA

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Concept explainers

Equilibrium Price and Quantity

Equilibrium refers to a state of balance that comes about because there is equality in all forces.

Question

I need the answer as soon as possible

Asaad has a project to sell children's toys,
and it achieved a total revenue for this month
(580,000) dinars, noting that the number of
units sold is (50) units per month, and the cost
of producing one unit amounted to (11,600),
being a marketing manager, then? *
The project will make a loss.
The project will be profitable.
Selling at cost
Not from the above.

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