The figure shows graphs of the total cost function and the total revenue function for a commodity. (Assume cost and revenue are measured in dollars.) y 500 400 300 B 200 100 10 20 30 40 50 60 (a) Label each function correctly. total revenue function v function A function B total cost function (b) Determine the fixed costs. $ 200 (c) Locate the break-even point. (x, y) = -(| 40,300 Determine the number of units sold to break even. X units (d) Estimate the marginal cost MC and marginal revenue MR. MC = MR =
The figure shows graphs of the total cost function and the total revenue function for a commodity. (Assume cost and revenue are measured in dollars.) y 500 400 300 B 200 100 10 20 30 40 50 60 (a) Label each function correctly. total revenue function v function A function B total cost function (b) Determine the fixed costs. $ 200 (c) Locate the break-even point. (x, y) = -(| 40,300 Determine the number of units sold to break even. X units (d) Estimate the marginal cost MC and marginal revenue MR. MC = MR =
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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