Microeconomics
A computer company produces affordable, easytouse 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 zeroprofit point?
I know that the zeroprofit 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?
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Alexys8
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