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Given the following information, answer the following questions. Q = quantity TR = $4,50 TC = $3,500 + $20 a. What is the break-even level
Given the following information, answer the following questions. Q = quantity TR = $4,50 TC = $3,500 + $20 a. What is the break-even level of output? b. If the firm sells 1,300 units, what are its earnings or losses? c. If sales rise to 2,300 units, what are the firm's earnings or losses? d. If the total cost equation were TC = $4,250 + $1.85Q, what happens to the break-even level of output units
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