Question
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 P(x) from the cost and revenue functions. P(x) = Find the maximum profit. $ Incorrect: Your answer is incorrect.
(d) What price will maximize the profit? (Round your answer to the nearest cent.) $
Homework Answers
Answer #1
Not the answer you're looking for?
Similar Questions
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 $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....
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 $53,200 and variable cost per unit of 2 5...
Suppose a company has fixed costs of $53,200 and variable cost
per unit of 2 5 x + 444 dollars, where x is the total number of
units produced. Suppose further that the selling price of its
product is 2372 − 3 5 x 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)...
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 $47,600 and variable cost per unit of 4/9x+ 333...
Suppose a company has fixed costs of $47,600 and variable cost
per unit of
4/9x+ 333 dollars,
where x is the total number of units produced. Suppose
further that the selling price of its product is
1767 −5/9x
x 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 $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?...
7.Cherokee Company sells a single product that has variable costs of $10 per unit. Fixed costs...
7.Cherokee Company sells a single product that has variable
costs of $10 per unit. Fixed costs will be $700,000 across all
levels of sales shown.
Units
Sold
Price per Unit
80,000
$35
90,000
$33
100,000
$31
110,000
$30
120,000
$28
What price would Cherokee charge to maximize profit? Post full
calculation
ADVERTISEMENT
Need Online Homework Help?
Get Answers For Free
Most questions answered within 1 hours.
ADVERTISEMENT
Active Questions
asked 1 minute ago
asked 3 minutes ago
asked 3 minutes ago
asked 4 minutes ago
asked 7 minutes ago
asked 10 minutes ago
asked 22 minutes ago
asked 36 minutes ago
asked 50 minutes ago
asked 53 minutes ago
asked 57 minutes ago
asked 1 hour ago