Given the following data, find the expected breakdown cost. The cost per breakdown is $100.
Definitions:
Producer Surplus
The variance between the price producers are willing to take for a good or service and the price they end up receiving.
Consumer Surplus
The discrepancy between the price consumers are ready to offer for a good or service and the price they end up paying.
Marginal Benefit
The enhanced enjoyment or utility gained from the consumption of one extra unit of a good or service.
Total Revenue
The collective revenue a business accumulates from sales of products or provision of services within a set period.
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