student uae.examus.netCONTO1 FEX 2021 2 MalearguSproducing a quantity of 20 units. The market price is $17. The firm's variable cost is $60 and itset is $50. What is the firm's total revenue?15-4018603340.$50.9500471d7b8644768$110.95d6477b895d647fd76858047fd768eScMacBook ProFIF3888F4$5 0ERTY ..AをD SG95d647fdxb8

Given A firm is producing Quantity = 20 units Price = $17. Variable cost = $60 Fixed cost =…

ECONTO1 FEX 2021 2Male ewamus.net dearoducing a quantity of 20 units. The market price is $17. The firm's variable cost is $60 and cost is $5o. What is the firm's total revenue? 15 40 8340 $50 9504716768 $110. 9647768 95d647fd7b8 95d6471d768

ECONTO1 FEX 2021 2Male ewamus.net dearoducing a quantity of 20 units. The market price is $17. The firm's variable cost is $60 and cost is $5o. What is the firm's total revenue? 15 40 8340 $50 9504716768 $110. 9647768 95d647fd7b8 95d6471d768

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

student uae.examus.net
CONTO1 FEX 2021 2 Male
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producing a quantity of 20 units. The market price is $17. The firm's variable cost is $60 and its
et is $50. What is the firm's total revenue?
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$50.
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644768
$110.
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58047fd768
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MacBook Pro
FI
F3
888
F4
$
5 0
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An enterprise has annual fixed costs of $375,000 and a variable cost of $4 per unit of product. The product is sold for $75.a. Calculate how many units he must produce to break even.Round to the next whole numberb. A change in the market increases its fixed costs by $3,000 and reduces its selling price by 20%. What is the new break-even quantity?
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$30 M ATO 20 AVC 15 75 80 100 Output 1-At which point the firm gets abnormal profit? 2- based on your answer in question one, what is the amount of total revenue? 3- based on your answer in question one, what is the amount of abonormal profit? 4-Find the value of Average Fixed cost at Q= 100 5- Determine the shutdown point? For the toolbar, press ALT+F10 (P) or ALT+FN+F10 (Mac).
ЕОС 13.5B Morgan took $400 000 out of their savings account to start an ice cream stand. The savings account paid 5% interest. In the first year, Morgan sold 12,000 batches of ice cream at a price of $3 each, and incurred costs of $12,000 which involved outlays of money. What was Morgan's economic profit in the first year?
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