Reference no: EM132787793
Question - The cost of producing 20,000 units of a product is $180,000.
The cost of producing 30,000 units is $230,000. Each unit produced can be sold for $9.
a. The cost, revenue and profit functions. Give the units of the slopes and y-intercepts.
b. The variable cost per unit, also known as the marginal cost, and the fixed cost.
c. The profit when 30,000 units are produced.
d. The break-even point.
e. The equation of the average cost per unit function and the average cost per unit of producing 60,000 units.
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