Question

If the daily cost per unit of producing a product by the Ace Company is 5...

If the daily cost per unit of producing a product by the Ace Company is 5 + 0.1x dollars, and if the price on the competitive market is $50, what is the maximum daily profit the Ace Company can expect on this product?

Math   Calculus   
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
5) The cost per unit of producing a product is 60 + 0.2x dollars, where x...
5) The cost per unit of producing a product is 60 + 0.2x dollars, where x represents the number of units produced per week. The equilibrium price determined by a competitive market is $220. How many units should the firm produce and sell each week to maximize its profit? b) What is the maximum profit?
The price of a product in a competitive market is $500. If the cost per unit...
The price of a product in a competitive market is $500. If the cost per unit of producing the product is 140 + 0.1x dollars, where x is the number of units produced per month, how many units should the firm produce and sell to maximize its profit? units
Alex Company produces a single product. The cost of producing and selling a single unit of...
Alex Company produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 70,000 units per month is $50 variable cost and $16 fixed cost. Alex Company is currently producing and selling only 69,000 units at selling price $80 per unit. An order has been received from an overseas customer for 1,500 units to be delivered this month at price $65 per unit. If the special offer is...
The demand function for a monopolist's product is p=1300-7q and the average cost per unit for...
The demand function for a monopolist's product is p=1300-7q and the average cost per unit for producing q units is c=0.004q2-1.6q+100+5000/q -Find the quantity that minimizes the average cost function and the corresponding price. Interpret your results. -What are the quantity and the price that maximize the profit? What is the maximum profit? Interpret your result.
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...
Delta Company produces a single product. The cost of producing and selling a single unit of...
Delta Company produces a single product. The cost of producing and selling a single unit of this product at the company’s normal activity level of 96,000 units per year is: Direct materials $ 1.80 Direct labor $ 3.00 Variable manufacturing overhead $ 0.90 Fixed manufacturing overhead $ 5.15 Variable selling and administrative expenses $ 1.50 Fixed selling and administrative expenses $ 2.00 The normal selling price is $21.00 per unit. The company’s capacity is 120,000 units per year. An order...
Delta Company produces a single product. The cost of producing and selling a single unit of...
Delta Company produces a single product. The cost of producing and selling a single unit of this product at the company’s normal activity level of 90,000 units per year is: Direct materials $ 1.90 Direct labor $ 4.00 Variable manufacturing overhead $ 0.90 Fixed manufacturing overhead $ 4.55 Variable selling and administrative expenses $ 1.30 Fixed selling and administrative expenses $ 3.00 The normal selling price is $24.00 per unit. The company’s capacity is 109,200 units per year. An order...
Delta Company produces a single product. The cost of producing and selling a single unit of...
Delta Company produces a single product. The cost of producing and selling a single unit of this product at the company’s normal activity level of 98,400 units per year is: Direct materials $ 1.70 Direct labor $ 3.00 Variable manufacturing overhead $ 0.80 Fixed manufacturing overhead $ 4.15 Variable selling and administrative expenses $ 1.30 Fixed selling and administrative expenses $ 2.00 The normal selling price is $19.00 per unit. The company’s capacity is 129,600 units per year. An order...
Delta Company produces a single product. The cost of producing and selling a single unit of...
Delta Company produces a single product. The cost of producing and selling a single unit of this product at the company’s normal activity level of 96,000 units per year is: Direct materials $ 1.80 Direct labor $ 3.00 Variable manufacturing overhead $ 0.80 Fixed manufacturing overhead $ 3.65 Variable selling and administrative expenses $ 1.10 Fixed selling and administrative expenses $ 2.00 The normal selling price is $18.00 per unit. The company’s capacity is 114,000 units per year. An order...
Delta Company produces a single product. The cost of producing and selling a single unit of...
Delta Company produces a single product. The cost of producing and selling a single unit of this product at the company’s normal activity level of 97,200 units per year is: Direct materials $ 1.80 Direct labor $ 3.00 Variable manufacturing overhead $ 0.90 Fixed manufacturing overhead $ 3.35 Variable selling and administrative expenses $ 1.40 Fixed selling and administrative expenses $ 2.00 The normal selling price is $18.00 per unit. The company’s capacity is 122,400 units per year. An order...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT