Homework Answers
5) ATC = 240
a) TC = ATC*Q = 240*400 = 96000
b) AR = 265 so TR= AR*Q = 265*400 = 106000
Profits = TR-TC = 106000-96000 = 10000
6) FC=200
P =40
Q= 60
At breakeven, TR=TC
TC=FC+VC = 200+VC
TR = P*Q = 40*60 = 2400
So, 2400 = 200+VC
VC = 2400-200 = 2200
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PLEASE HELP AND SHOW WORK, please highlight answers, THANK
YOU!!
1.
2.
3.
4.
5.
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hi could you show me how to solve for these. my book
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