Question

Suppose a company has fixed costs of $2400 and variable costs per unit of 15 16...

Suppose a company has fixed costs of $2400 and variable costs per unit of 15 16 x + 1700 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1800 − 1 16 x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) (b) Find the maximum revenue. (c) Form the profit function P(x) from the cost and revenue functions. Find the maximum profit. (d) What price will maximize the profit? (Round your answer to the nearest cent.)

Math   Advanced-Math   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1


0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Suppose a company has fixed costs of $2400 and variable costs per unit of 15/16 x...
Suppose a company has fixed costs of $2400 and variable costs per unit of 15/16 x + 1700 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1800 − 1/16 x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) (b) Find the maximum revenue. (c) Form the profit function P(x) from the cost and revenue functions. Find the maximum profit. (d) What...
Suppose a company has fixed costs of $700 and variable costs per unit of 7 8...
Suppose a company has fixed costs of $700 and variable costs per unit of 7 8 x + 1120 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1200 − 1 8 x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) x = 10, 70 (b) Find the maximum revenue. $ (c) Form the profit function P(x) from the cost and revenue...
Suppose a company has fixed costs of $48,000 and variable cost per unit of 2/5x +...
Suppose a company has fixed costs of $48,000 and variable cost per unit of 2/5x + 444 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 2468 −3/5x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) x =      (b) Find the maximum revenue. (Round your answer to the nearest cent.) $   (c) Form the profit function P(x) from the cost and...
Suppose a company has fixed costs of $2100 and variable costs per unit of 7 8...
Suppose a company has fixed costs of $2100 and variable costs per unit of 7 8 x + 1200 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1300 − 1 8 x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) (x = 30, 70) .....( part a I got correct) (b) Find the maximum revenue. $ (c) Form the profit function...
Suppose a company has fixed costs of $44,800 and variable cost per unit of 1 3...
Suppose a company has fixed costs of $44,800 and variable cost per unit of 1 3 x + 222 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1654 − 2 3 x dollars per unit. Find break even Fine max revenue
Suppose that a company has a fixed cost of $150 per day and a variable cost...
Suppose that a company has a fixed cost of $150 per day and a variable cost of x^2 + x . Further suppose that the revenue function is R(x) = xp and the price per unit is given by p = 57 – x. Sketch the cost and revenue functions and locate the regions of profit and loss. You should find the break even points before you create your graph.
The revenue and cost functions for a particular product are given below. The cost and revenue...
The revenue and cost functions for a particular product are given below. The cost and revenue are given in dollars, and x represents the number of units . R(x) = −0.2x2 + 146x C(x) = 66x + 7980 (a) How many items must be sold to maximize the revenue? (b) What is the maximum revenue? (c) Find the profit function. P(x) =   −.2x2+212x+7980 (d) How many items must be sold to maximize the profit? (e) What is the maximum profit?...
Sales Price: $50.00 per unit Variable Costs: $20.00 per unit Total Fixed Costs: $90,000 What is...
Sales Price: $50.00 per unit Variable Costs: $20.00 per unit Total Fixed Costs: $90,000 What is the break-even point in sales dollars?
Total fixed cost = $66,000 Selling price per unit = $14 Variable costs per unit =...
Total fixed cost = $66,000 Selling price per unit = $14 Variable costs per unit = $6 Net target income (after tax) = $52,000 Tax rate = 35%. a)Calculate break even point in units b) calculate the sales revenue (in dollars) required to achieve the target income c) calculate the difference in operating income when one extra unit is sold d) if fixed cost increased by 20%, what is the new unit contribution margin required to maintain the same break-even...
Given the following information: Selling Price (per unit): $10,000 Variable Costs (per unit): $7,000 Fixed Costs:...
Given the following information: Selling Price (per unit): $10,000 Variable Costs (per unit): $7,000 Fixed Costs: $200,000 Required Each of these are separate situations: What is the break-even point in total sales in dollars? How many units need to be sold to make a profit of $20,000? How many units need to be sold to make a profit of $20,000 if fixed costs increase from $200,000 to $250,000? How many units would they need to sell if they wanted to...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT