Question

A company sells its product for 4 per unit. Fixed costs for the company are * 2800 and variable costs are estimated to run 30% of the total revenue. Determine (i) the total revenue function (ii) the total cost function (iii) the break-even point, and (iv) the quantity the company must sell to cover its fixed cost.

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Answer 1

Answer:

A company sells its product for 4 per unit. Fixed costs for the company are * 2800 and variable costs are estimated to run 30% of the total revenue. Determine (i) the total revenue function (ii) the total cost function (iii) the break-even point, and (iv) the quantity the company must sell to cover its fixed cost.

Answer 2

Answer:

A company sells its product for $4 per unit fixe cost for the company $2800 and variable cost are estimated to 30% of total revenue