MISSING LETTER D Suppose a company has fixed costs of $24,000 and variable cost per unit
Question:
MISSING LETTER D
Suppose a company has fixed costs of $24,000 and variable cost per unit of 1/3 x + 444 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is
1468 − 2/3 x dollars per unit.
(a) Find the break-even points. (Enter your answers as a comma-separated list.)
x = 24,1000
Well done.
(b) Find the maximum revenue. (Round your answer to the nearest cent.)
$808134 Well done.
(c) Form the profit function P(x) from the cost and revenue functions.
P(x) = 1024x−x2−24,000
Very nice!
Find maximum profit.
$238144 Fantastic work!
(d) What price will maximize the profit? (Round your answer to the nearest cent.)
$
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds