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1. Suppose a widget manufacturer has the total cost function TC 2682 + 32x and the total revenue function TR 38c. The number of widgets
1. Suppose a widget manufacturer has the total cost function TC 2682 + 32x and the total revenue function TR 38c. The number of widgets that the manufacturer must sell to breakeven is____? Q2. The total cost formula for a company can be modeled by TC=3080+51x where x represents the number of items sold. A formula for the company's total income is modeled with TR=61x, where x represents the number of items sold. This company will breakeven when its total costs equal its total income. How many items must this company sell to breakeven? Q3. A company sells one of its products for $13.90 per unit. Its fixed costs are $1,755.00 per month, and the variable cost per unit is $2.20. (a) The contribution margin per unit is $ (rounded to the nearest cent). (b) The break-even volume, i.e., the level of output at break-even, is units per month (c) The profit at a monthly output level of 230 units is $ (rounded to the nearest cent)
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