Essay
Triangle Manufacturing has fixed costs of $2,000 per week. The firm manufactures tricycle kits. The kits have a short-run average variable cost of $25 and are sold for $35 each.
(i)What is the breakeven level of weekly output for the firm?
(ii)What is the degree of operating leverage when weekly output is Q = 250?
Correct Answer:
Verified
Correct Answer:
Verified
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