following TR = $2Q. TC = $6,500 + $0.4Q. a. What is the break-even level of output? Round your answer to the nearest whole number. b. What is the level of profits at sales of 14,800 units? Round your answer to the nearest dollar. Break-even level of output: Profits:

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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A firm has the following total revenue and total cost schedules:
TR = $2Q.
TC = $6,500 + $0.4Q.
a. What is the break-even level of output? Round your answer to the nearest whole number.
b. What is the level of profits at sales of 14,800 units? Round your answer to the nearest dollar.
Break-even level of output:
Profits:
Transcribed Image Text:A firm has the following total revenue and total cost schedules: TR = $2Q. TC = $6,500 + $0.4Q. a. What is the break-even level of output? Round your answer to the nearest whole number. b. What is the level of profits at sales of 14,800 units? Round your answer to the nearest dollar. Break-even level of output: Profits:
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