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(a) Given a scenario the price per unit (p) for a product or services can be represented more simply as being independent of demand


 

(a) Given a scenario the price per unit (p) for a product or services can be represented more simply as being independent of demand and is greater than the variable cost per unit (cv), it resulted to a breakeven point. Under the assumption that demand is immediately met. Total revenue (TR) - p. If the linear relationship for costs defined as CT-CF + CV, where Cv-c.D. This scenario depicted in Figure Q4.1. Complete the graph by label the EIGHT (8) points represented as A, B, C, D, E, F, G, and H in Figure Q4.1. Cost and Revenue (RM) (i) Breakeven point (ii) Profit (iii) Variable Costs (iv) Loss (A) Total fixed cost (vi) Total Revenue (vii) Total Cost (viii) Fixed Cost A B G E H C F Production, D (volume) Figure Q4.1

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