Question

Company A is trying to sell its products as the following options. - each product cost...

Company A is trying to sell its products as the following options.

- each product cost 20cents

- In order to produce X amount of product, x^3 - 16x^2 + 40x cents are required.

I need to find out (r(x)) and (c(x)),

and find out the amount of production capacity(x) is maximize profit

Homework Answers

Answer #1

comment if you need further clarification on this answer!

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A manufacturing company of a certain product has a fixed cost of $40 and a variable...
A manufacturing company of a certain product has a fixed cost of $40 and a variable cost of 2x^3+13x, what is the total cost function and the cost to produce 50 of these products? What is the marginal cost when x = 50?                                              At what level of output will average cost per unit be a minimum? What is this minimum?                                                                                               If the demand price for this product is set at d(x) = -x^2+49, determine the amount of production...
A company has determined that its weekly total cost and total revenue (in dollars) for a...
A company has determined that its weekly total cost and total revenue (in dollars) for a product can be modeled by C(x) = 4000 + 30x R(x) = 300x -0.001x^2, where x is the number of items produced and sold. If the company can produce a maximum of 100,000 items per week, what production level will maximize profit?
?Raggs, Ltd. a clothing? firm, determines that in order to sell x? suits, the price per...
?Raggs, Ltd. a clothing? firm, determines that in order to sell x? suits, the price per suit must be p=180?0.75x. It also determines that the total cost of producing x suits is given by C(x)=4000+0.75x^2. ?a) Find the total? revenue, R(x)= ?b) Find the total? profit, P(x)= ?c) How many suits must the company produce and sell in order to maximize? profit? ?d) What is the maximum? profit? ?e) What price per suit must be charged in order to maximize?...
A company manufactures Products A, B, and C. Each product is processed in three departments: I,...
A company manufactures Products A, B, and C. Each product is processed in three departments: I, II, and III. The total available labor-hours per week for Departments I, II, and III are 900, 1080, and 840, respectively. The time requirements (in hours per unit) and profit per unit for each product are as follows. (For example, to make 1 unit of product A requires 2 hours of work from Dept. I, 3 hours of work from Dept. II, and 2...
Suppose the market price that a firm can sell its product for is a function of...
Suppose the market price that a firm can sell its product for is a function of how much it and the firm's competitor produce so that p = 136 - (x1 + x2) where p is the selling price, x1 is the firm's production, and x2 is the competitor s production. The firm's cost function is 28 + 3.6*x1. If the firm's competitor produces x2 = 27 units, how much should the firm produce if it wants to maximize the...
The management of the Albert Hanson Company is trying to determine the best product mix for...
The management of the Albert Hanson Company is trying to determine the best product mix for two new products to maximize profits. Because these products would share the same production facilities, the total number of units produced of the two products combined cannot exceed ten per hour. Also, they have to be produced in at least a two-to-one ratio, with there being at least twice as many of product 2. In particular, with a production rate of x1 units per...
11)X Company estimates the following for its two products in 2019: Product X Product Y Selling...
11)X Company estimates the following for its two products in 2019: Product X Product Y Selling price $13.80      $33.50      Variable cost $11.60      $25.00      Production [units] 59,000      11,000      Estimated fixed costs in 2019 are $72,000. What is X Company's estimated weighted average contribution margin per unit in 2019? 12) X Company, a merchandiser, had the following income statement for 2018: Sales $194,103 Cost of goods sold   123,250 Gross margin $70,853 Other operating expenses    47,940 Profit $22,913 $103,850 of the cost of...
the management of the albert hanson company is trying to determine the best product mix for...
the management of the albert hanson company is trying to determine the best product mix for two new products. because these products would share the same production facilities, the total number of units produced of teh two prodcuts combined cannot exceed two per hour. because of uncertainty about how well these products will sell, the profit from producing each product provides decreasing marginal returns as the production rate is increase. in particular, with a p production rate of R1 units...
Cane Company manufactures two products called Alpha and Beta that sell for $210 and $172, respectively....
Cane Company manufactures two products called Alpha and Beta that sell for $210 and $172, respectively. Each product uses only one type of raw material that costs $8 per pound. The company has the capacity to annually produce 128,000 units of each product. Its average cost per unit for each product at this level of activity are given below: Alpha Beta Direct materials $ 40 $ 24 Direct labor 38 34 Variable manufacturing overhead 25 23 Traceable fixed manufacturing overhead...
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?...