If the farm produces 12,000 bushels of peanuts and the total fixed costs of the operation is $36,000 and the total variable costs are $12,000. At what price will the firm need to have to breakeven? Calculate the average total cost and average variable cost for the firm ATC= $4,000 $12,000+$36,000= $48,000/S12,000 AVC= $1,000 $12,0000/$12,000 lili || P.
If the farm produces 12,000 bushels of peanuts and the total fixed costs of the operation is $36,000 and the total variable costs are $12,000. At what price will the firm need to have to breakeven? Calculate the average total cost and average variable cost for the firm ATC= $4,000 $12,000+$36,000= $48,000/S12,000 AVC= $1,000 $12,0000/$12,000 lili || P.
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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What is the price?
to make it breakeven
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