This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: 1 Marks: 1 Choose one answer. a. 20 b. 10 c. 34 d. 72 e. cannot be determined with this information 2 Marks: 1 Choose one answer. a. Fixed costs b. Opportunity costs c. Total costs d. Marginal costs e. Variable Costs 3 Marks: 1 Choose one answer. a. A small change in price will lead to a small change in quantity demanded b. A small change in price will have no effect on quantity demanded c. Demand will decrease at all price levels d. A small change in price will lead to a large change in quantity demanded. e. Demand will increase at all price levels 4 Mini test 7 Review of attempt 14 Finish review Started on Friday, October 22, 2010, 11:40 AM Completed on Friday, October 22, 2010, 11:46 AM Time taken 6 mins 14 secs Grade 10 out of a maximum of 10 ( 100 %) BruceCo is planning on selling backpacks for $100 each. The company can buy the backpacks for $30.00 and have them customized for $20.00. There is a one-time set up charge of $1,000 for customization. How many backpacks will BruceCo have to sell in order to break even? Marks for this submission: 1/1....
View Full Document
- Fall '07