A manufacturer of a product sells all that is produced. The total revenue is given by TR=7q, and total cost TC=6q+1,188, where q represents the number of units produced and sold. The level of production at the break-even point if the total cost increases by 5% is: Note: Write your answer correct to 0 decimal place.

A manufacturer of a product sells all that is produced. The total revenue is given by TR=7q, and total cost TC=6q+1,188, where q represents the number of units produced and sold. The level of production at the break-even point if the total cost increases by 5% is: Note: Write your answer correct to 0 decimal place.

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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