Question: [Question 1] A firm makes a single product with a marginal cost of $3.50 and a selling price of $5.50. Fixed costs are $30 000

[Question 1] A firm makes a single product with a marginal cost of $3.50 and a selling price of $5.50. Fixed costs are $30 000 per period.

You are required to calculate:

a. The C/S ratio

b. Sales at break-even point

c. Number of units to break even

d. Sales to achieve a profit of $10 000

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