TransTech sells its product for $100. Marginal cost is a constant $80 per unit and fixed costs are $30,500. What is the breakeven quantity? Please specify your answer as an integer. What is the breakeven revenue? Please specify your answer as an integer.

TransTech sells its product for $100. Marginal cost is a constant $80 per unit and fixed costs are $30,500. What is the breakeven quantity? Please specify your answer as an integer. What is the breakeven revenue? Please specify your answer as an integer.

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter7: Economies Of Scale And Scope

Section: Chapter Questions

Problem 11MC

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Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.

Question

M10

TransTech sells its product for $100. Marginal cost
is a constant $80 per unit and fixed costs are
$30,500.
What is the breakeven quantity?
Please specify your answer as an integer.
What is the breakeven revenue?
Please specify your answer as an integer.

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