The figure below shows graphs of the fixed cost function, total cost function and the total revenue function for a certain commodity. 20 Dollars (S) 8000+ 7000 6000 5000 4000 3000 2000 1000 -10 -1000- 10 20 30 (a) What is the break-even point? e.g. (295,7650) (b) What are the fixed costs? $ TR TC If the selling price per unit is $70, and the variable cost per unit is $30: Percent of capacity= FC 40 50 60 70 80 90 100 Uhits enter the answer in the form (x,y) (c) If the maximum production capacity of the commodity is 100, express the break- even units as a percent of capacity? % (round to two decimal places if necessary)
The figure below shows graphs of the fixed cost function, total cost function and the total revenue function for a certain commodity. 20 Dollars (S) 8000+ 7000 6000 5000 4000 3000 2000 1000 -10 -1000- 10 20 30 (a) What is the break-even point? e.g. (295,7650) (b) What are the fixed costs? $ TR TC If the selling price per unit is $70, and the variable cost per unit is $30: Percent of capacity= FC 40 50 60 70 80 90 100 Uhits enter the answer in the form (x,y) (c) If the maximum production capacity of the commodity is 100, express the break- even units as a percent of capacity? % (round to two decimal places if necessary)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![The figure below shows graphs of the fixed cost function, total cost function and the
total revenue function for a certain commodity.
20
Dollars (8)
2000+
7000-
6000
5000
000
3000
2000
1000+
-10
-1000+
10 20 30
(a) What is the break-even point?
e.g. (295,7650)
(b) What are the fixed costs? $
TR
TC
If the selling price per unit is $70, and the variable cost per unit is $30:
Percent of capacity=
FC
40 50 60 70 80 90 100
Units
enter the answer in the form (x,y)
(c) If the maximum production capacity of the commodity is 100, express the break-
even units as a percent of capacity?
% (round to two decimal places if necessary)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F346aae26-d0e0-42d3-8145-e419f49eefed%2F2424acf9-50c2-4a0b-9c6b-91ebdcaae696%2Fn53b31l_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The figure below shows graphs of the fixed cost function, total cost function and the
total revenue function for a certain commodity.
20
Dollars (8)
2000+
7000-
6000
5000
000
3000
2000
1000+
-10
-1000+
10 20 30
(a) What is the break-even point?
e.g. (295,7650)
(b) What are the fixed costs? $
TR
TC
If the selling price per unit is $70, and the variable cost per unit is $30:
Percent of capacity=
FC
40 50 60 70 80 90 100
Units
enter the answer in the form (x,y)
(c) If the maximum production capacity of the commodity is 100, express the break-
even units as a percent of capacity?
% (round to two decimal places if necessary)
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