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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?

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?

ENGR.ECONOMIC ANALYSIS
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? 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- Sol 200 300 400 500 600 700 800 Output (Units/year) Dollars (x 103)
Transcribed Image Text: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? 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- Sol 200 300 400 500 600 700 800 Output (Units/year) Dollars (x 103)
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