a producer faces a fixed cost Rs 50 and a variable cost of RS 5 per unit of output when he produces less than 200 units of outputs . assuming that total cost functions is linear determine the equation of the total cost of function. . What is the break even level of output if the price of output is RS 10 per unit. . Determine the producer's net revenue if output is 12 is units and the price of output is RS 5, RS 10 and RS 15 respectively

a producer faces a fixed cost Rs 50 and a variable cost of RS 5 per unit of output when he produces less than 200 units of outputs . assuming that total cost functions is linear determine the equation of the total cost of function. . What is the break even level of output if the price of output is RS 10 per unit. . Determine the producer's net revenue if output is 12 is units and the price of output is RS 5, RS 10 and RS 15 respectively

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter10: Cost Functions

Section: Chapter Questions

Problem 10.4P

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A producer faces a fixed cost of Rs. 50 and a variable cost Rs. 5 per unit of output when he produces less than 200 units of output. Assuming that total cost function is linear, determine the equation of the total cost of function. What is the break-even level of output if the price of output is Rs. 10 per unit. Also draw the relevant graphs. Determine the producer's net revenue if output is 12 units and the price of output is Rs. 5, Rs. 10, and Rs. 15 respectively.
A producer faces a fixed cost of Rs. 50 and a variable cost Rs. 5 per unit of output when he produces less than 200 units of output. Assuming that total cost function is linear, determine the equation of the total cost of function. What is the break-even level of output if the price of output is Rs. 10 per unit. Also draw the relevant graphs. Determine the producer's net revenue if output is 12 units and the price of output is Rs. 5, Rs. 10 and Rs. 15
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