How many e-readers will your company need to sell

Assignment Help Econometrics

Reference no: EM13191862

Discuss the meaning of the x- and y-axis values on the graph. (Hint: Be sure to label the axis) Based on the results of the graph and the profit equation provided, discuss the relationship between profits and number of e-readers produced. (Hint: Consider the slope and y-intercept.)
If the company does not sell a single e-reader, how much is lost ? Mathematically, what is this value called in the equation?
If the company sells 5,000 e-readers, how much will the company make (or lose)?
If profit must equal 100 thousand, how many e-readers will your company need to sell?
If your company is hoping to break even, how many e-readers will need to be sold to accomplish this?

Reference no: EM13191862

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