If the total cost for producing widgets can be represented by TC = 8,000 + 0.75*X, where X is the number of widgets produced and total revenue can be represented by TR = 4.00*X, what is the break-even value for number of widgets produced? a. 1,684 b. 2,000 c. 2,462 d. 3,763

If the total cost for producing widgets can be represented by TC = 8,000 + 0.75X, where X is the number of widgets produced and total revenue can be represented by TR = 4.00X, what is the break-even value for number of widgets produced? a. 1,684 b. 2,000 c. 2,462 d. 3,763

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter21: Production And Costs

Section: Chapter Questions

Problem 16QP

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