The figure below shows graphs of the fixed cost function, total cost functionand the total revenue function for a certain commodity.2080007000600050004000Dollars ($)300020001000-10-1000+10 20 3040Units(a) What is the break-even point?(x,y) e.g. (295,7650)(b) What are the fixed costs? $TRPercent of capacity=50 60TCIf the selling price per unit is $50, and the variable cost per unit is $40:FC70 80 90 100enter the answer in the form(c) If the maximum production capacity of the commodity is 110, express thebreak-even units as a percent of capacity?% (round to two decimal places if necessary)

The breakeven point for the firm is identified as a point at which the profits of the firm are zero.…

20 5000 4000 Dollars ($) 3000 2000 1000 -10 -1000+ 10 20 30 (a) What is the break-even point? (x,y) e.g. (295,7650) (b) What are the fixed costs? $ TR TC If the selling price per unit is $50, and the variable cost per unit is $40: Percent of capacity= FC 40 50 60 70 80 90 100 Units enter the answer in the form (c) If the maximum production capacity of the commodity is 110, express the break-even units as a percent of capacity? % (round to two decimal places if necessary)

20 5000 4000 Dollars ($) 3000 2000 1000 -10 -1000+ 10 20 30 (a) What is the break-even point? (x,y) e.g. (295,7650) (b) What are the fixed costs? $ TR TC If the selling price per unit is $50, and the variable cost per unit is $40: Percent of capacity= FC 40 50 60 70 80 90 100 Units enter the answer in the form (c) If the maximum production capacity of the commodity is 110, express the break-even units as a percent of capacity? % (round to two decimal places if necessary)

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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