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Afirm manufactures a product that sells for $16 per unit Variable cost per unit is $8 and fixed cost per period is $1760. Capacity per period is 1400 units (a) Develop an algebraic statement for the revenue function and the cost function (b) Determine the number of units required to be sold to break even (c) Compute the break-even point as a percent of capacity (d) Compute the break-even point in sales dollars (a) The revenue function is TR- (Type an expression using x as the variable. Do not include the $ symbol in your answer) The cost function is TC- (Type an expression using x as the variable. Do not include the $ symbol in your answer) units (b) The number of units required to be sold to break even is (Round up to the nearest whole number)

Afirm manufactures a product that sells for $16 per unit Variable cost per unit is $8 and fixed cost per period is $1760. Capacity per period is 1400 units (a) Develop an algebraic statement for the revenue function and the cost function (b) Determine the number of units required to be sold to break even (c) Compute the break-even point as a percent of capacity (d) Compute the break-even point in sales dollars (a) The revenue function is TR- (Type an expression using x as the variable. Do not include the $ symbol in your answer) The cost function is TC- (Type an expression using x as the variable. Do not include the $ symbol in your answer) units (b) The number of units required to be sold to break even is (Round up to the nearest whole number)

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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A firm manufactures a product that sells for $16 per unit. Variable cost per unit is $8 and fixed cost per period is $1760 Capacity per period is 1400 units (a) Develop an algebraic statement for the revenue function and the cost function (b) Determine the number of units required to be sold to break even. (c) Compute the break-even point as a percent of capacity (d) Compute the break-even point in sales dollars (a) The revenue function is TR= (Type an expression using x as the variable Do not inciude the $ symbol in your answer) The cost function is TC (Type an expression using x as the variable Do not includo the $ symbol in your answer) (b) The number of units required to be sold to break even is units (Round up to the nearest whole number) (c) The break-even point as a porcent of capacity is% (Round to two decimal places as needed.) (d) The break-even point in sales dollars is $ (Round to the nearest cent as needed.)
Transcribed Image Text:A firm manufactures a product that sells for $16 per unit. Variable cost per unit is $8 and fixed cost per period is $1760 Capacity per period is 1400 units (a) Develop an algebraic statement for the revenue function and the cost function (b) Determine the number of units required to be sold to break even. (c) Compute the break-even point as a percent of capacity (d) Compute the break-even point in sales dollars (a) The revenue function is TR= (Type an expression using x as the variable Do not inciude the $ symbol in your answer) The cost function is TC (Type an expression using x as the variable Do not includo the $ symbol in your answer) (b) The number of units required to be sold to break even is units (Round up to the nearest whole number) (c) The break-even point as a porcent of capacity is% (Round to two decimal places as needed.) (d) The break-even point in sales dollars is $ (Round to the nearest cent as needed.)
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