Problem 1 Page Xyz Company Makes Clock Radios Company Deter Mined Short Run Fixed Costs 20 Q29304225

PROBLEM 1 PAGE The XYZ Company makes clock radios. The company has deter- mined that its short-run fixed costs are $2000 and its unit cost (marginal cost) for each clock radio is $12. Suppose that z clock radios are made and each is sold for $16. (A) [12 points) Give the cost, revenue, and profit functions: (B) [4 points) Find the number of clock radios that need to be produced and sold in order to break even. (C) [4 points] Find the profit when 1200 clock radios are pro- duced and sold. Gaoo Show transcribed image text