Illustrate what is break-explain graphically

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Q. Assume a firm has fixed cost of $40,000 per month, its average cost is $20 per unit, and it can sell its output for $25 each. Illustrate what is break-Explain how your work both graphically and algebraically.

Q. A firm's marginal product of labour is 4 and its marginal product of capital is 5. If firm adds one unit of labour, but wants its output to remain unchanged, firm should?

Reference no: EM1371520

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