Consider the accompanying breakeven graph for an investment, and answer the following questions as they pertain to the graph.

(a) Give the equation to describe total revenue for x units per year.
(b) Give the equation to describe total costs for x units per year.
(c) What is the "breakeven" level of x in terms of costs and revenues?
(d) If you sell 1500 units this year, will you have a profit or loss? How much?

Transcribed Image Text:

$40 535 %30 Total Revenue Total Cost w $20 $15 $10 0 250 500 750 1000 1250 1500 1750 Output (units/year)