Question 1: Would you please show us the calculation of following problem for breakeven point below? Suppose that a company has fixed costs of $150,000 and variable costs of $7.5 per unit. What is the break-even point if the selling price is $12.5 per unit?
Question 2: Would you please state what is the distinction between studying math's and statistics. Why do you need to study math first to enroll a statistics course
Question 3: Why do you need to make a distinction between independent and dependent variables? When do you think that the distinction is particularly relevant? Please consider a business related example to discuss the above questions.
Question 4: The operating break-even point of a business can be defined in the level of sales (either units or dollars). Would you please tell us in details the formula for estimating the operating break-even point of a company in units level.
Question 5: Different MBA programs may have different course syllabus. In such cases, how valuable is an MBA degree without the ability to identify and calculate the cost of a company's capital, its return on investment, gross margin percentage, break-even point, or what percent of a population would be willing to buy its product? Please explain in details the importance of understanding these economic terms for a MBA student.
Question 6. The weight of a cut of beef (independent variable = w [for weight]) may affect the overall price (dependent variable = p [for price]).
So, for example, while independent variable p may be $2 per pound, w will influence the total value of p
1. When W = 4.0 lbs, thus p = $8
2. When W = 3.0 lbs, p will equal $6
How the meat size and price can be considered as independent and dependent measures?