Question: Question 2 The figure below shows graphs of the fixed cost function, total cost function and the total revenue function for a certain commodity 7000

Question 2 The figure below shows graphs of the fixed cost function, total cost function and the total revenue function for a certain commodity 7000 6000 5000 54000 $3000 2000 69 1000 U 10 10 20 30 40 50 60 70 80 Units (a) What is the break-even point? enter the answer in the form (xy) eg (295,7650) (b) What are the fixed costs? (it the maximum production capacity of the commodity is 80, express the break-even units as a percent of capacity enter the answer in the form (x,y) e.g. (295,7650) (a) What is the break-even point? (b) What are the fixed costs? $ (C) If the maximum production capacity of the commodity is 80, express the break-even units as a percent of capacity Percent of capacity = % (round to two decimal places if necessary) > Next
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
