8. The cost of producing a small transistor radio set consists of P23.00 for labor and P37.00 for materials. The fixed charges in operating the plant are P100,000 per month. The variable cost is P1.00 per set. The radio set can be sold for P75.00 each. Determine how many sets must be produced per month to break even.

8. The cost of producing a small transistor radio set consists of P23.00 for labor and P37.00 for materials. The fixed charges in operating the plant are P100,000 per month. The variable cost is P1.00 per set. The radio set can be sold for P75.00 each. Determine how many sets must be produced per month to break even.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter1: Introduction And Goals Of The Firm

Section: Chapter Questions

Problem 2.2CE

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