Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Global Corp. sells its output at the market price of $13 per unit. Each plant has the costs shown below: Units of Output-Total Cost ($)0-8,1-11,2-17,3-26,4-38,5-53,6-71,7-92

Global Corp. sells its output at the market price of $13 per unit. Each plant has the costs shown below:

Units of Output-Total Cost ($)0-8,1-11,2-17,3-26,4-38,5-53,6-71,7-92

1)What is the breakeven quantity?

Enter 0 if total profit is always negative.

Please specify your answer as an integer.

2)What is the breakeven revenue?

Enter 0 if total profit is always negative.

Please specify your answer as an integer.

3)What is the profit at each plant when operating at its optimal output level?

Please specify your answer as an integer.

4)How many units of output should each plant produce?

Please specify your answer as an integer.

please type nswers in order and correct rounding

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

E-Commerce 2013 Business Technology Society

Authors: Ken Laudon, Kenneth C Laudon

9th Edition

0132730359, 978-0132730358

More Books

Students also viewed these Economics questions