Question
Your company manufactures large scale units. It marginal cost is (92-2x), where x is the number of units of output per annum. The fixed
Your company manufactures large scale units. It marginal cost is (92-2x), where x is the number of units of output per annum. The fixed costs are Shs. 800,000 per annum. It is also given that the company's marginal revenue is (112-2x). Required: i) Estimate the total costs curve (4 Marks) (4 Marks) ii) Establish the total revenue curve iii) Establish the break-even situation for the company (4 Marks) iv) Determine the output that will maximize the total revenue (3 Marks)
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Cornerstones of Managerial Accounting
Authors: Mowen, Hansen, Heitger
3rd Edition
324660138, 978-0324660135
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