3. Consider a manufacturing enterprise which produces 17,500 units for $834,500 and 22,500 units for $912,500. Each unit can be sold for $20. a) Find the cost, revenue, and profit functions and graph them in EXCEL. b) Use EXCEL to show the cost of producing 30,000 units? c) What is the break-even point?

3. Consider a manufacturing enterprise which produces 17,500 units for $834,500 and 22,500 units for $912,500. Each unit can be sold for $20. a) Find the cost, revenue, and profit functions and graph them in EXCEL. b) Use EXCEL to show the cost of producing 30,000 units? c) What is the break-even point?

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 3CQQ

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