eBookProblem 19-03A firm has the following total revenue and total cost schedules:TR = $2Q.TC = $5,500 + $1.3Q. What is the break-even level of output? Round your answer to the nearest whole number. unitsWhat is the level of profits at sales of 8,600 units? Round your answer to the nearest dollar.$ As the result of a major technological breakthrough, the total cost schedule is changed to: TC = $6,500 + $0.8Q. What is the break-even level of output? Round your answer to the nearest whole number. unitsWhat is the level of profits at sales of 8,600 units? Round your answer to the nearest dollar.$

Given:- TR=$2Q TC=$5500+$1.3Q To calculate:- Break even output level and profit at 8600 unit sale=?…

Answered: A firm has the following total revenue…

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 1SQP

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Problem 19-03

A firm has the following total revenue and total cost schedules:

TR = $2Q.

TC = $5,500 + $1.3Q.

What is the break-even level of output? Round your answer to the nearest whole number.
units
What is the level of profits at sales of 8,600 units? Round your answer to the nearest dollar.
$
As the result of a major technological breakthrough, the total cost schedule is changed to:

TC = $6,500 + $0.8Q.

What is the break-even level of output? Round your answer to the nearest whole number.
  units
What is the level of profits at sales of 8,600 units? Round your answer to the nearest dollar.
$

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