TNT Construction wants to sell dynamite for $50 a bundle. Its variable costs for each bundle are $15. To break-even, TNT Construction needs to sell 500 bundles of dynamite. Calculate TNT Construction's fixed costs. Fixed Costs = __________________.
TNT Construction wants to sell dynamite for $50 a bundle. Its variable costs for each bundle are $15. To break-even, TNT Construction needs to sell 500 bundles of dynamite. Calculate TNT Construction's fixed costs. Fixed Costs = __________________.
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter7: Economies Of Scale And Scope
Section: Chapter Questions
Problem 5MC
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TNT Construction wants to sell dynamite for $50 a bundle. Its variable costs for each bundle are $15. To break-even, TNT Construction needs to sell 500 bundles of dynamite. Calculate TNT Construction's fixed costs. Fixed Costs = __________________.
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