The following table shows a profit-maximizing producer's marginal costs.The firm is operating in a perfectly competitive market and has fixed costs of $500.

-Refer to the above information to answer this question.What is the break-even price?

Question

The following table shows a profit-maximizing producer's marginal costs.The firm is operating in a perfectly competitive market and has fixed costs of $500.
 
-Refer to the above information to answer this question.What is the break-even price?

Quizplus · Accepted Answer

The break-even price is the price at which total revenue equals total costs, resulting in zero profit. Without specific cost and revenue data provided, we assume the correct choice based on typical break-even analysis scenarios.

The Following Table Shows a Profit-Maximizing Producer's Marginal Costs