Tetrangle manufacturing has fixed costs of 2160 per day., Ask an Expert

Economics

Tetrangle Manufacturing has fixed costs of $2,160 per day. The firm manufactures bicycle component upgrade kits. The kits have a short-run average variable cost of $48 and are sold for $66 each.

(i) What is the breakeven level of daily output for the firm?

(ii) What is the degree of operating leverage when daily output is Q = 170?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9293497

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