If Soltani factory produces 1000 pieces of products, its total cost is equal to 50,000 monetary units, and if it produces 2,000 pieces of the same product, its total cost is equal to 80,000 monetary units. If each product is sold at a price of 40 monetary units, it is desirable: a. By drawing a diagram, specify the breaking point for it. B. If we want to make a profit equal to 20,000 units by selling 2500 pieces of product, what should be the variable cost? Use equations below: F Profit(P) = pQ - (F + vQ) TR=pQ TC=F+vQ Q=F/(p-v)

If Soltani factory produces 1000 pieces of products, its total cost is equal to 50,000 monetary units, and if it produces 2,000 pieces of the same product, its total cost is equal to 80,000 monetary units. If each product is sold at a price of 40 monetary units, it is desirable: a. By drawing a diagram, specify the breaking point for it. B. If we want to make a profit equal to 20,000 units by selling 2500 pieces of product, what should be the variable cost? Use equations below: F Profit(P) = pQ - (F + vQ) TR=pQ TC=F+vQ Q=F/(p-v)

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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