Find the break-even point for the firm whose cost function C and revenue function R are given. C(x) = 16x + 24,000; R(x) = 24x
A) For a break-even operation, the firm should manufacture 24,000 units of its product, resulting in a break-even revenue of $720,000.
B) For a break-even operation, the firm should manufacture 24,000 units of its product, resulting in a break-even revenue of $72,000.
C) For a break-even operation, the firm should manufacture 3,000 units of its product, resulting in a break-even revenue of $72,000.
D) For a break-even operation, the firm should manufacture 3,000 units of its product, resulting in a break-even revenue of $720,000.
Correct Answer:
Verified
Q193: A certain economy's consumption function is given
Q194: An office building worth $1 million when
Q195: Let Q196: Determine whether the equation defines y as Q197: Determine whether the equation defines y as Q199: Find the point of intersection of the Q200: The quantity demanded each month of Russo Q201: Find the break-even point for the firm![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents