Question: The figure below shows graphs of the fixed cost function, total cost function and the total revenue function for a certain commodity. If the selling
The figure below shows graphs of the fixed cost function, total cost function and the total revenue function for a certain commodity. If the selling price per unit is $60, and the variable cost per unit is $40 : (a) What is the break-even point? enter the answer in the form (x,y)eg(295,7650) (b) What are the fixed costs? 5 (c) If the maximum production capacity of the commodity is 100 , express the breakeven units as a percent of capacity? Percent of capacity = 7o (round to two decimal places it necessary)
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