15. A firm with total costs TC = 50 + 20 for Q unitsof output, which sells its output at price P=5,breaks even at the output level:O Q = 50/3O Q = 50/8O Q= 50/2O Q = 45/3

Breakeven point is the point where Revenue is equal to cost , where firm cover their expenses only ,…

Answered: 5. A firm with total costs TC = 50 + 2Q…

5. A firm with total costs TC = 50 + 2Q for Q units 4 output, which sels its output at price P=5, reaks even at the output level: Q = 50/3 O Q - 50/8 O Q= 50/2 O Q - 45/3

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter8: Perfect Competition

Section: Chapter Questions

Problem 39P: The AAA Aquarium Co. sells aquariums for 20 each. Fixed costs of production are 20. The total...

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Question

15. A firm with total costs TC = 50 + 20 for Q units
of output, which sells its output at price P=5,
breaks even at the output level:
O Q = 50/3
O Q = 50/8
O Q= 50/2
O Q = 45/3

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