Widget Co Has Fixed Costs of £350,000 and Variable Costs-To Maximise Profits, Widget Co Should Sell Its Widgets at of £3

The Answer of Widget Co Has Fixed Costs of £350,000 and Variable Costs-To Maximise Profits, Widget Co Should Sell Its Widgets at of £3

Widget Co Has Fixed Costs of £350,000 and Variable Costs-To Maximise Profits, Widget Co Should Sell Its Widgets at of £3

The Answer of Widget Co Has Fixed Costs of £350,000 and Variable Costs-To Maximise Profits, Widget Co Should Sell Its Widgets at of £3

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Widget Co Has Fixed Costs of £350,000 and Variable Costs

Question 9

Multiple Choice

Widget Co has fixed costs of £350,000 and variable costs of £3 per widget. Market research has identified the likely demand based on different selling prices as follows: $\begin{array}{|c|c|}\hline\text { Sellingprice } & \text { Volume } \\\text { perunit £} & \\\hline 10 & 60,000 \\\hline 11 & 57,000 \\\hline 12 & 52,000 \\\hline13 & 45,000\\\hline\end{array}$
-To maximise profits, Widget Co should sell its widgets at a selling price of:

A) £10
B) £11
C) £12
D) £13

Widget Co Has Fixed Costs of £350,000 and Variable Costs

Multiple Choice

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