Finance problems: what is break even; what is profit/loss
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Problem: Total Revenue (TR) =$30Q
Total Cost (TC) =$1,500 + $2Q(fixed + Variable/unit)
What is the break-even level of output?
What are the profit or losses if the firm sells 1,300 units?
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Solution Summary
Provides steps necessary to determine break-even point, profits and losses.
Education
- BE, Bangalore University, India
- MS, University of Wisconsin-Madison
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