Finding minimum price necessary for firm

Reference no: EM1317031

Firms supply. Credit Check, Inc., offers credit checking services to credit card companies and retailers. The following relation exists between the number of credits checks performed and total costs in this viciously competitive market:

Total output	Total Cost
0	$150
1,000	600
2,000	1,060
3,000	1,540
4,000	2,040
5,000	2,565
6,000	3,115
7,000	3,750

What is the minimum price necessary for the firm to supply one thousand credit checks?

Reference no: EM1317031

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