There Is a Fixed Cost of $50,000 to Start a Production

question 26

Essay

There is a fixed cost of $50,000 to start a production process.Once the process has begun,the variable cost per unit is $25.The revenue per unit is projected to be $45.
a.Write an expression for total cost.
b.Write an expression for total revenue.
c.Write an expression for total profit.
d.Find the breakeven point.

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Definitions:

Recessive Allele

An allele that produces its characteristic phenotype only when its paired allele is identical.

Wild Type

The most common genotype or phenotype observed in a natural population, considered the standard or reference to which genetic mutations are compared.

Beak Size

A phenotypic trait representing the dimensions of a bird's beak, which can vary greatly among species and is influenced by genetics and environmental factors.

Offspring

The biological progeny or young produced by breeding or reproduction between organisms.