Question: Q . 1 Consider the accompanying break - even graph for an ice cream factory, and answer the following questions as they pertain to the
Q Consider the accompanying breakeven graph for an ice cream factory, and answer the following questions as they pertain to the graph.
a Give the equation for total revenue for x units per year.
b Give the equation for total costs for x units per year.
c What is the breakeven level of x
d If you sell units this year, will you have a profit or a loss? How much?
e At units, what are your marginal and average costs?
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