2. Using a linear model, find the breakeven point for a company with $30 per unit salesprice, $10 per unit variable cost, and $35,000 fixed cost. How does this number of units soldchange if the company wants to make $25,000 in profit?

Step 1: Break even is the point at which cost and income are equal and there is neither profit nor…

Answered: 2. Using a linear model, find the…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Could you show the profit and loss on the graph. Furthermore, the figures for cost you posted were incorrect as they are not dropdown options.
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Costs and Profit Maximization: Work It Out 1 Suppose Margie decides to lease a photocopier and open up a black-and-white photocopying service in her dorm room for use by faculty and students. Her total cost, as a function of the number of copies she produces per month, is given in the table. Number of Photocopies Per Month Total Cost Fixed Cost Variable Cost Total Revenue Profit 0 $100 1,000 $110 2,000 $125 3,000 $145 4,000 $175 5,000 $215 6,000 $285 a. Fill in the missing numbers in the table, assuming that Margie can charge 6 cents per black-and-white copy. Margie's fixed cost is: $ Variable cost, 0 photocopies/month: $ Variable cost, 1,000 photocopies/month: $ Variable cost, 2,000 photocopies/month: $ Variable cost, 3,000 photocopies/month: $ Variable cost, 4,000 photocopies/month: $…
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2. Using a linear model, find the breakeven point for a company with $30 per unit sales price, $10 per unit variable cost, and $35,000 fixed cost. How does this number of units sold change if the company wants to make $25,000 in profit?