The figure below shows graphs of the fixed cost function, total cost function and the total revenue function for a certain commodity. 20 Dollars (S) 8000+ 7000 6000 5000 4000 3000 2000 1000 -10 -1000- 10 20 30 (a) What is the break-even point? e.g. (295,7650) (b) What are the fixed costs? $ TR TC If the selling price per unit is $70, and the variable cost per unit is $30: Percent of capacity= FC 40 50 60 70 80 90 100 Uhits enter the answer in the form (x,y) (c) If the maximum production capacity of the commodity is 100, express the break- even units as a percent of capacity? % (round to two decimal places if necessary)

The figure below shows graphs of the fixed cost function, total cost function and the total revenue function for a certain commodity. 20 Dollars (S) 8000+ 7000 6000 5000 4000 3000 2000 1000 -10 -1000- 10 20 30 (a) What is the break-even point? e.g. (295,7650) (b) What are the fixed costs? $ TR TC If the selling price per unit is $70, and the variable cost per unit is $30: Percent of capacity= FC 40 50 60 70 80 90 100 Uhits enter the answer in the form (x,y) (c) If the maximum production capacity of the commodity is 100, express the break- even units as a percent of capacity? % (round to two decimal places if necessary)

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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