7. A gardener sells herbal plants at Php38 per pack, selling all that he harvests. His fixed cost is Php5,200 and his variable cost is Php8.75 per pack. A. What is the revenue, cost and profit functions? B. How many packs of herbal plants must the gardener sell to break-even? C. How many packs of herbal plants must the gardener sell to get a profit of Php7,500? D. How many packs of herbal plants must the gardener sell and incur a loss of Php2,000?

7. A gardener sells herbal plants at Php38 per pack, selling all that he harvests. His fixed cost is Php5,200 and his variable cost is Php8.75 per pack. A. What is the revenue, cost and profit functions? B. How many packs of herbal plants must the gardener sell to break-even? C. How many packs of herbal plants must the gardener sell to get a profit of Php7,500? D. How many packs of herbal plants must the gardener sell and incur a loss of Php2,000?

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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