the point at which the total revenue equals total cost is called the
the point at which the total revenue equals total cost is called the
Homework Answers
The Point at which the total revenue equals total cost is called the Break Even Point.
At this point, company will not make any profit or loss.
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the point at which the total revenue equals total cost
is called the
The point at which a company cost equals its revenue is its break even point. C...
The point at which a company cost equals its revenue is its break even point. C represents the cost, in dollars of of x units of a product abd R represents the revenue in dollars from the sale of x units. Find the number of units that must be produced and sold in order to break even. That is find the value of x for which C=R. C=13x+42,000 and R = 16x. How many units must be produced and sold...
H) Why is the level of output where marginal revenue equals marginal cost called as the...
H) Why is the level of output where marginal revenue equals marginal cost called as the profit-maximizing output? prove it in a logical way would be greatly appreciated if it is answered in 5sentences by your own
The point at which a company's costs equals its revenue is the break-even. C represents cost,...
The point at which a company's costs equals its revenue is the break-even. C represents cost, in dollars, of x units of a product. R represents the revenue, in dollars, for the sale of x units. Find the number of units that must be produced and sold in order to break even. C = 1 5x + 1 2,000 R = 18x-6000 OA. 545 OB. 12,000 C. 6000 D 800
1- The break-even point is the point where: A. incremental revenue equals incremental costs. B. marginal...
1- The break-even point is the point where: A. incremental revenue equals incremental costs. B. marginal revenue equals marginal cost. C. the slope of the demand curve equals the slope of the cost curve. D. total revenue equals total cost. 2- When the threat of new entrants is low, prices tend to be: A. higher. B. stable. C. lower. D. variable. 3- Costs that do not change with the volume produced are referred to as: A. unavoidable costs. B. totally...
Profits will always be maximized when total revenue equals total cost =T or F If marginal...
Profits will always be maximized when total revenue equals total cost =T or F If marginal revenue for an extra unit is positive, then selling the extra unit causes total revenue to rise. T or F Given a downward-sloping demand curve and positive marginal costs, profit-maximizing firms will always sell less output at higher prices than will revenue-maximizing firms. T or F Marginal profit is the difference between marginal revenue and marginal cost, and will always equal zero at the...
What is the relevant range? A) The point at which revenue and total cost intersects on...
What is the relevant range? A) The point at which revenue and total cost intersects on Cost-Volume-Profit graph OB) The upper limit on Cost-Volume-Profit graph O C) The range between the line of total cost and the line of fixed cost on Cost- Volume-Profit graph OD) The range of volume within which the cost structure remains constant
What is the relevant range? A) The point at which revenue and total cost intersects on...
What is the relevant range? A) The point at which revenue and total cost intersects on Cost-Volume-Profit graph B) The range between the line of total cost and the line of fixed cost on Cost-Volume-Profit graph C) The range of volume within which the cost structure remains constant D) The upper limit on Cost-Volume-Profit graph
number 17? idk it pls help o the change in total revenue. the market price price...
number 17? idk it pls help
o the change in total revenue. the market price price divided by quantity QUESTION 17 A firm in a perfectly competitive market maximizes profits when it finds the price at which total revenue minus total cost is the greatest the quantity at which total revenue minus total cost is the greatest. the quantity at which total revenue equals total cost. the quantity at which total revenue is maximized. QUESTION 18 When a firm is...
marginal revenue A monopolist maximizes profit by choosing the quantity at which marginal revenue equals at...
marginal revenue A monopolist maximizes profit by choosing the quantity at which marginal revenue equals at that quantity because the demand curve is above the marginal-revenue curve. Profit equals mulitplied by the profit-maximizing quantity Price is and marginal cost average variable cost average cost marginal revenue. A monopolist maximizes profit by choosing the quantity at which marginal revenue equals Price is at that quantity because the demand curve is above the marginal-revenue curve. Profit equals the difference between the price...
Which best represents the equation for profits? o Total Revenue - Average cost o Total Revenue...
Which best represents the equation for profits? o Total Revenue - Average cost o Total Revenue - Total Cost Average Cost - Average Rewne Marginal Revenue - Marginal Cost Total Cost - Total Revenue Question 35 pts The cost of producing an extra unit of output is the Average total cost Marginal cost Average marginal cost Average variable cost Variable cost Question 36 Mark is a web developer making $75.000 a year working for a company called The Man. He...
The point at which a company's costs equals its revenue is the break-even. C represents cost, in dollars, of x units of a product. R represents the revenue, in dollars, for the sale of x units. Find the number of units that must be produced and sold in order to break even. C = 1 5x + 1 2,000 R = 18x-6000 OA. 545 OB. 12,000 C. 6000 D 800
What is the relevant range? A) The point at which revenue and total cost intersects on Cost-Volume-Profit graph OB) The upper limit on Cost-Volume-Profit graph O C) The range between the line of total cost and the line of fixed cost on Cost- Volume-Profit graph OD) The range of volume within which the cost structure remains constant
number 17? idk it pls help
o the change in total revenue. the market price price divided by quantity QUESTION 17 A firm in a perfectly competitive market maximizes profits when it finds the price at which total revenue minus total cost is the greatest the quantity at which total revenue minus total cost is the greatest. the quantity at which total revenue equals total cost. the quantity at which total revenue is maximized. QUESTION 18 When a firm is...
marginal revenue A monopolist maximizes profit by choosing the quantity at which marginal revenue equals at that quantity because the demand curve is above the marginal-revenue curve. Profit equals mulitplied by the profit-maximizing quantity Price is and marginal cost average variable cost average cost marginal revenue. A monopolist maximizes profit by choosing the quantity at which marginal revenue equals Price is at that quantity because the demand curve is above the marginal-revenue curve. Profit equals the difference between the price...
Which best represents the equation for profits? o Total Revenue - Average cost o Total Revenue - Total Cost Average Cost - Average Rewne Marginal Revenue - Marginal Cost Total Cost - Total Revenue Question 35 pts The cost of producing an extra unit of output is the Average total cost Marginal cost Average marginal cost Average variable cost Variable cost Question 36 Mark is a web developer making $75.000 a year working for a company called The Man. He...
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