What are your marginal and average costs

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Question: Consider the accompanying breakeven graph for an investment, and answer the following questions.

2002_Cost.png

(a) Give the equation for total revenue for x units per year.

(b) Give the equation for total costs for x units per year.

(c) What is the "breakeven" level of x?

(d) If you sell 1500 units this year, will you have a profit or loss? How much?

(e) At 1500 units, what are your marginal and average costs?

Reference no: EM132155683

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