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MKTG1021.07|.08|.09 Fall 2025 Marketing Principles [Wang] MKTG1021-Final Exam- Requires Respondus LockDown Browser

Multiple fill-in-the-blank

Please complete the following table about product A. (If needed, please round to the nearest integer.) Price Quantity Demanded Total Fixed Costs Total Variable Costs Break-even Point Break-even Point (Aiming at 2000 profit) 6 2000 10000 4000 [Fill in the blank] [Fill in the blank] 4 3000 10000 [Fill in the blank] [Fill in the blank] [Fill in the blank]

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The question presents a table with two rows of data for product A and asks to fill in several computed fields. I will work through the calculations step by step and then compare with the provided candidate values. First, parse the given data: - Row 1: Price = 6, Quantity Demanded = 2000, Total Fixed Costs (TFC) = 10000, Total Variable Costs (TVC) = 4000. - Row 2: Price = 4, Quantity Demanded = 3000, TFC = 10000, TVC = [Fill in the blank], and subsequent blanks depend on this TVC value. Key relationships: - Revenue = Price × Quantity Demanded. - Total Cost (TC) = TFC + TVC. - Break-even Point (in units) is where Revenue = Total Cost, i.e., P × Q = TFC + TVC, which can be rearranged to Q = (TFC + TVC) / P when operating with a given price. - If we consider break-even with a target profit of 2000, we need Revenue − Total Cost = 2000, i.e., P × Q = TFC + TVC + 2000, which implies Q = (TFC + TVC + 2000) / P. - Variable cost per unit (AVC) ......Login to view full explanation

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