3. Suppose that Reagan would like to lower the break-even units to 7,500. The company does not believe that the price or fixed cost can be changed. Calculate the new unit variable cost that would result in break-even units of 7,500. If required, round your intermediate computations and final answer to the nearest cent.

they can see what that city is producing and to also see if they can some how get that product. like gold in africa.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer production department;

answer the amount a seller is paid minus the cost of production;