$ Total Cost 100 140 Quantity 160 190 4 240 300 370 450 550 Refer to the above information to answer this question. If the total fixed costs were to increase by $50 what would be the new break-even price a units of output? Select one: O a. $50. O b. $40. O c. $60. O d. $70. O e. $30.

Principles of Microeconomics (MindTap Course List)
8th Edition
ISBN:9781305971493
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter13: The Cost Of Production
Section: Chapter Questions
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Assume that the following data is for a profit-maximizing manufacturer:
Quantity
$ Total Cost
100
140
2
160
3
190
14
240
5
300
16
370
7
450
550
8
Refer to the above information to answer this question. If the total fixed costs were to increase by $50 what would be the new break-even price at 5
units of output?
Select one:
O a. $50.
O b. $40.
O C. $60.
O d. $70.
O e. $30.
оооо
Transcribed Image Text:Assume that the following data is for a profit-maximizing manufacturer: Quantity $ Total Cost 100 140 2 160 3 190 14 240 5 300 16 370 7 450 550 8 Refer to the above information to answer this question. If the total fixed costs were to increase by $50 what would be the new break-even price at 5 units of output? Select one: O a. $50. O b. $40. O C. $60. O d. $70. O e. $30. оооо
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