A clinic has the following profit function 500Q-200Q-300,000, where Q is the level of service, where Q is the quantity, $500 is the revenue per each service (Q), $200 is the variable cost per service, and $300,000 is the fixed cost. At what level of Q is the clinic going to break even?

Answer rating: 100% (QA)

Breakeven point occurs when the total revenue equals the to... View the full answer