Answered: Suppose the JJJ Corporation has a cost…

Suppose the JJJ Corporation has a cost function of y = 9000x + 180,000 and a revenue of y = 11,000x . What is the BEP of the JJJ Corp.? (USE Excel)

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 18P

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Concept explainers

Cost of Production

In economic theory, production costs are the costs incurred by an industrial organization when it engineers a project or provides a service that generates revenue and benefits. Labor costs, raw materials, consumable manufacturing costs, and general overhead sum up, accounting for production costs. Total cost data is calculated by combining total direct costs of materials, labor costs, and total production costs.

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Suppose the JJJ Corporation has a cost function of y = 9000x + 180,000 and a revenue of y = 11,000x . What is the BEP of the JJJ Corp.? (USE Excel)

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