Microeconomics

posted by .

A computer company produces affordable, easy-to-use home computer systems and has fixed costs of $250. The marginal cost of producing computers is $700 for the first computer, $250 for the second, $300 for the third, and $350 for the fourth, $400 for the fifth, $450 for the sixth, and $500 for the seventh.

At what price is the zero-profit point?

I know that the zero-profit point formula is:
Price per unit x number of units = Fixed costs + (variable costs per unit x number of units)

Without the price per unit, how do I figure this out?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Computer

    How much was the first computer? Cost of the first computer?
  2. math

    A computer technician has been assigned the task of cabling together five computers numbered one through 5. Computer one must be cabled to computer three, and computer two cannot be cabled to computer five. Make a sketch of the distinct …
  3. English

    Let's write down what you can do with the computer. 1. I use the computer to chat with netizens in chatrooms. 2. I use the computer to do paper work. 3. I use the computer to make documents with the word processor, Excel. 4. I use …
  4. computers

    Scenario: You have been employed as the IT Director for the ABC Company. The company comprises 15 employees and it has not upgraded its computer system since 1996. Project: The President of the Company has asked you to replace the …
  5. math

    a computer company can sell 1000 computers if they price them at $500. The number sold will increase by 10 for every 1$ decrease in the price. The company has fixed cost of $100,000, and each computer costs $300 to produce. Find the …
  6. inter Algebra

    A start up computer company can sell 1000 computers if they price them at $500. The number sold will increase by 10 for every $1 decrease in the price. The company has fixed costs of $100,000, and each computer costs $300 to produce. …
  7. COLLEAGE ALEGEBRA

    QUES # 1 a STARTUP COMPUTER CAN SELL 1000 COMPUTERS IF THEY PRICE THEM AT $500. tHE NUMBER SOLD WILL INCREASE BY 10 FOR EVERY $1 decrease in the price. The company has fixed costs of $100,999, and each computer costs $300 to produce, …
  8. Finite Math

    6. A computer company has two manufacturing plants, one in Rochester and one in Queens. Transporting a computer from Rochester to the retail outlet takes 15 hours and costs $15, while transporting a computer from Queens to the retail …
  9. Math

    A company is planning to produce and sell a new line of computers. The fixed cost will be $320,000 and it will cost $600 to produce each computer. Each computer will be sold for $800. 1. Write the cost function, C, of producing "x" …
  10. Technology in the classroom

    What is the ideal computer arrangement to use when you want to integrate computers directly into the classroom curriculum?

More Similar Questions