19 - Question 1 Marks: 1 BruceCo is planning on selling...

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Question 1 Marks: 1 BruceCo is planning on selling coffee cups for $9.75 each. The company can buy the cups for $2.25 and have them printed for $1.69. The package costs 27 cents. There is a one-time set up charge from the printer of $700. Advertising expenditures for the project are $5999 and an insurance policy will cost $300/year. According to the sales forecasts, there is a maximum demand for this product of 24,000 units and marginal revenue will equal zero when the 1264th unit is sold. What is the breakeven point in units for Bruce Co? Choose one answer. a. 1264 b. 1663 c. 3001 d. 975 e. cannot be determined with this information Correct Marks for this submission: 1/1. Question 2 Marks: 1 Price elasticity is the slope of the demand curve. When price elasticity is LOW? Choose one answer. a. A small change in price will lead to a large change in quantity demanded. b. Demand will decrease at all price levels c. A small change in price will lead to a small change in quantity demanded d. A small change in price will have no effect on quantity demanded e. Demand will increase at all price levels Incorrect Marks for this submission: 0/1.
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Question 3 Marks: 1 Last year, BruceCo sold 1000 coffee cups for $10 each. This year, the company is planning on selling 1500
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19 - Question 1 Marks: 1 BruceCo is planning on selling...

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