Suppose a company has fixed costs of $28,000 and variable cost per unit of 2/5 x +
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Suppose a company has fixed costs of $28,000 and variable cost per unit of 2/5 x + 222 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1250 - 3/5 x dollars per unit.
(a) Find the break-even points.
(b) Find the maximum revenue.
(c) Form the profit function from the cost and revenue functions and find maximum profit.
(d) What price will maximize the profit?
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a The key is per unit x Rx Cx x 2 1028x 28000 0 x 1000 x 28 0 Break...View the full answer
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Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
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