Break Even Point

Q.

Average of daily wage of 50 workers of a factory was Rs.200 with a standard deviation of Rs.40. Each worker is given a raise of Rs.20. What are the new average daily wage and standard deviation? Have the wages becomes more or less uniform?

Q. ntThe merginal cost function of manufacturing x pairs of shoes is (6+10x-6x). The total cost of producing a pair of shoes is 12. Find the total and average cost functions.n

Q. The level of output and total cost of production of a product is given below:

Level of production	Total cost of production
0	20000
100	620, 000
150	9, 20, 000
180	11, 00, 000

Find the average cost of production of 150 units___.

1. Rs. 6133.33
2. Rs. 6233
3. Rs. 6230
4. Rs.6000

Q. What is the break even point?

1. Marginal revenue equals marginal cost
2. Average revenue equals average cost
3. Total revenue equals total cost
4. None of the above