Question
In 2019, X Company's profit function was 0.36R - $86,900, where R is revenue. In 2020, the relationship between revenue and variable costs will not
In 2019, X Company's profit function was 0.36R - $86,900, where R is revenue. In 2020, the relationship between revenue and variable costs will not change, but fixed costs will decrease by $19,987. Assuming a tax rate of 40%, what will revenue have to be in order for X Company to earn $35,200 after taxes in 2020?
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
