What are the breakeven levels of operation, Business Economics

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What are the breakeven levels of operation

Key data regarding Price Elasticity of Demand

Given the following cost and inverse demand function

P(Q) = 50 - .00025Q
C(Q) = 361, 250 + 5Q + .0002Q²

a. Find the total revenue?

b. Find the marginal and average costs and graph the functions in the ranges of Q= 40,000, 42500, 45,000.

c. Briefly explain the point of intersection between MC and ATC (AC) in terms of production and cost theory.

d. Calculate the profit maximization level of production (activity) and the total profit earned by the firm.

e. What is/are the breakeven levels of operation (activities)?

f. Calculate the price elasticity of demand at profit maximization level of output?

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Business Economics: What are the breakeven levels of operation

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Recent Questions Asked Business Economics

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Ask an Expert for Answer!!

Business Economics: What are the breakeven levels of operation

Reference No:- TGS025947

Recent Questions Asked Business Economics

Q : How has internet affected buying behaviors

Q : Classification of behavior as a conditioned response

Q : What will be the goal of the campaign and your methods

Q : Calculating after-tax cost of debt

Q : What are the breakeven levels of operation

Q : Which leadership style is displayed by leader

Q : Determine the present value of the company stock

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Q : What are visual ambiguities

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