Question: A certain commodity sells for $52 per unit and has the following costs for a period. Fixed cost: $1500 Variable cost per unit: $22 (a)
A certain commodity sells for $52 per unit and has the following costs
for a period.
Fixed cost: $1500
Variable cost per unit: $22
(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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