Suppose a company has fixed costs of $28,600 and average variable costs given by AVC(x)==x + 222 dollars per unit, where x is the total number of units produced. Suppose further that the selling price of its product is p=1348 – x - dollars per unit. (a), Eind.the.break-even points. (Enter your answers as a comma-separated list.) (b) Find the maximum total revenue. (Round your answer to the nearest cent.) $ (c) Form the profit function, P(x), from the total cost and total revenue functions. P(x) = Find maximum profit. (Round your answer to the nearest cent.) $ (d) What price per unit will maximize the profit? (Round your answer to the nearest cent.) $

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A: The fixed cost of the firm is FC = $ 40,800 and the average variable cost is, AVC(x) = 1/3*x + 333…

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Q: total profit is

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Cost of Production

The entire idea of the cost of production or production cost is applied corresponding, or we can say that it is related to monetary cost. Money cost refers to any money expenditure which the firm or supplier, or producer undertakes in purchasing or hiring factor of production or factor services.