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Economics

Suppose you run a manufacturing business that is involved in manufacturing and selling a single product. The fixed cost to run the business is $15,000 and the constant marginal cost is $7.50 per unit. The sale price of your product is $15 per unit.

(a) Find the revenue function, total cost function and profit function. (Let x be the output level)

(b) Using the functions in part (a), find the breakeven point.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91238341

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