Question: A certain commodity has the following costs for a period. Fixed cost: ................. $1500 Variable cost per unit: ....... $22 The commodity is sold for

A certain commodity has the following costs for a period.
Fixed cost: ................. $1500
Variable cost per unit: ....... $22
The commodity is sold for $52 per unit.
(a) What is the total cost function?
(b) What is the total revenue function?
(c) What is the profit function?
(d) What is the marginal cost?
(e) What is the marginal revenue?
(f) What is the marginal profit?
(g) What is the break-even quantity?

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