A firm has the following total revenue and total cost schedules: TR = $3Q. TC = $4,000 + $1.7Q. What is the break-even level of output? Round your answer to the nearest whole number. units What is the level of profits at sales of 4,500 units? Round your answer to the nearest dollar. $ As the result of a major technological breakthrough, the total cost schedule is changed to: TC = $6,500 + $0.5Q. What is the break-even level of output? Round your answer to the nearest whole number. units What is the level of profits at sales of 4,500 units? Round your answer to the nearest dollar.
A firm has the following total revenue and total cost schedules: TR = $3Q. TC = $4,000 + $1.7Q. What is the break-even level of output? Round your answer to the nearest whole number. units What is the level of profits at sales of 4,500 units? Round your answer to the nearest dollar. $ As the result of a major technological breakthrough, the total cost schedule is changed to: TC = $6,500 + $0.5Q. What is the break-even level of output? Round your answer to the nearest whole number. units What is the level of profits at sales of 4,500 units? Round your answer to the nearest dollar.
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 8SQ
Related questions
Question
A firm has the following total revenue and total cost schedules:
| TR = $3Q. |
| TC = $4,000 + $1.7Q. |
- What is the break-even level of output? Round your answer to the nearest whole number.
units
What is the level of profits at sales of 4,500 units? Round your answer to the nearest dollar.$
- As the result of a major technological breakthrough, the total cost schedule is changed to:
TC = $6,500 + $0.5Q.
What is the break-even level of output? Round your answer to the nearest whole number.units
What is the level of profits at sales of 4,500 units? Round your answer to the nearest dollar.$
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