5. Consider the accompanying breakeven graph for an investment, answer the followingquestions.a) Give the equation for total revenue for x units per year.b) Give the equation for total costs for x unit per year.c) What is the breakeven level of x?d) If you sell 700 units this year, will you have a profit or loss? How much?e) At 700 units , what are your marginal and average costs?$140-Total Revenue$120-$100-Total Cost$80-$60-$40$20-Sol200300400 500600700 800Output (Units/year)Dollars (x 103)

Since you have posted multi subparts question. So as per answering guideline, we will solve first 3…

Answered: 5. Consider the accompanying breakeven…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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5. Consider the accompanying breakeven graph for an investment, answer the following questions. a) Give the equation for total revenue for x units per year. b) Give the equation for total costs for x unit per year. c) What is the breakeven level of x?