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Given the following information, answer the following questions. (4 pts total) TR = $3Q TC = $1,500 + $2Q What is the break-even level of
Given the following information, answer the following questions.(4 pts total)
TR = $3Q
TC = $1,500 + $2Q
- What is the break-even level of output?(1 pt.)
- If the firm sells 1,300 units, what are its earnings or losses?(1 pt.)
- If sales rise to 2,000 units, what are the firm's earnings or losses?(1 pt.)
- If the total cost equation wereTC = $2,000 + $1.80Qwhat happens to the break-even level of output units?(1 pt.)
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