TransTech sells its product for $100. Marginal cost is a constant $80 per unit and fixed costs are $30,500. What is the breakeven quantity? Please specify your answer as an integer. What is the breakeven revenue? Please specify your answer as an integer.
TransTech sells its product for $100. Marginal cost is a constant $80 per unit and fixed costs are $30,500. What is the breakeven quantity? Please specify your answer as an integer. What is the breakeven revenue? Please specify your answer as an integer.
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter5: Investment Decisions: Look Ahead And Reason Back
Section: Chapter Questions
Problem 6MC
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