Multiple Choice
A firm that has total fixed costs of $40,000 sells its output for $250 per unit and has an average variable cost of $150. If the firm's cost and revenue curves are linear, how much output must the firm produce to break even?
A) 500
B) 400
C) 300
D) The firm cannot break even.
Correct Answer:
Verified
Correct Answer:
Verified
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