Find the Break-Even Point for the Firm Whose Cost Function

question 124

Multiple Choice

Find the break-even point for the firm whose cost function C and revenue function R are given. C(x) = 16x + 24,000; R(x) = 24x

• A) For a break-even operation, the firm should manufacture 24,000 units of its product, resulting in a break-even revenue of $720,000.
• B) For a break-even operation, the firm should manufacture 24,000 units of its product, resulting in a break-even revenue of $72,000.
• C) For a break-even operation, the firm should manufacture 3,000 units of its product, resulting in a break-even revenue of $72,000.
• D) For a break-even operation, the firm should manufacture 3,000 units of its product, resulting in a break-even revenue of $720,000.

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Definitions:

Remember Melodies

The cognitive process of recalling sequences of musical tones or patterns, demonstrating the brain's ability to process and store auditory information.

Right Ear

Pertains specifically to the right side ear, which is part of the auditory system responsible for detecting and processing sounds.

Left Ear

The ear situated on the left side of the head, which, in dichotic listening tasks, can exhibit a preference for receiving language-related sounds.

Dorsal Prefrontal Regions

Areas located in the upper part of the prefrontal cortex involved in executive functions such as planning, decision making, and inhibiting inappropriate behaviors.