Solve correctly all the subpartsQ)A firm has the following total revenue and total cost schedules:TR = $2Q.TC = $4,000 + $1.3Q. A)What is the break-even level of output? Round your answer to the nearest whole number. unitsWhat is the level of profits at sales of 6,600 units? Round your answer to the nearest dollar As the result of a major technological breakthrough, the total cost schedule is changed to: TC = $6,000 + $0.5Q. What is the break-even level of output? Round your answer to the nearest whole number. units

Profit is the difference between total revenue and total cost.

Answered: Solve correctly all the subparts Q)A…

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

Chapter3: Benefits, Costs, And Decisions

Section: Chapter Questions

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Solve correctly all the subparts

Q)A firm has the following total revenue and total cost schedules:

TR = $2Q.

TC = $4,000 + $1.3Q.

A)What is the break-even level of output? Round your answer to the nearest whole number.
units
What is the level of profits at sales of 6,600 units? Round your answer to the nearest dollar

As the result of a major technological breakthrough, the total cost schedule is changed to:

TC = $6,000 + $0.5Q.

What is the break-even level of output? Round your answer to the nearest whole number.
units

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