Answered: If fixed cost is 10, variable cost per…

If fixed cost is 10, variable cost per unit is 2 and the price function is P = -Q +9 then the value of profit (T) when the firm breaks even is Select one: O a. = 00 O b. TT = 2 O C. I = 0 O d. T = 5

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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Question

If fixed cost is 10, variable cost per unit is 2 and the price function is P = -Q +9 then the value of
profit (T) when the firm breaks even is
of
Select one:
O a. T = o
tion
O b. TT = 2
O C. TI = 0
Ο d. π-5

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