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 (Tt) when the firm breaks even is Select one: a. It = ∞ Ο b. π=5 Ο c. π 2 d. π=0

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 (Tt) when the
firm breaks even is
Select one:
a. π= ο
Ο b. π=5
Ο c. π=2
Ο d. π=0

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