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    'break even point'

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    A perfectly competitive firm has the cost function:

    TC = 1000 + 2Q + 0.1Q (squared)

    What is the lowest price at which this firm can break even?
    draw a diagram and use numerical calculations to support your answer.

    © BrainMass Inc. brainmass.com October 9, 2019, 6:14 pm ad1c9bdddf
    https://brainmass.com/economics/break-even-analysis/break-even-point-82694

    Solution Preview

    A perfectly competitive firm has the cost function:

    TC = 1000 + 2Q + 0.1Q2

    In the long run, a firm ...

    Solution Summary

    This job encompasses the break even point.

    $2.19