600 cups of This Way drinks, the total cost is Gh 2300 and at 900 cups of This Way drink the total cost is Gh 3200. If a cup of This Way drink is sold at Gh 5. If the maximum cups of This Way drinks produced daily is 1200 cups, find: 1. ii. iii. iv. Cost function, Revenue and the profit functions Breakeven point. Describe what it means Construct the breakeven chart Margin of safety in terms of quantities and as a percentage of the total capacity

600 cups of This Way drinks, the total cost is Gh 2300 and at 900 cups of This Way drink the total cost is Gh 3200. If a cup of This Way drink is sold at Gh 5. If the maximum cups of This Way drinks produced daily is 1200 cups, find: 1. ii. iii. iv. Cost function, Revenue and the profit functions Breakeven point. Describe what it means Construct the breakeven chart Margin of safety in terms of quantities and as a percentage of the total capacity

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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