A factory manager is planning for the manufacture of plywood to be sold overseas. The fixed...
A factory manager is planning for the manufacture of plywood to be sold overseas. The fixed cost of operation is estimated at $800,000 per month while the variable cost is $155 per thousand board feet of plywood. The selling price will depend on how much will be produced and sold and is determined by the relationship, price per thousand board feet, p = $600-0.05D, where D is the amount produced and sold in thousands of board feet. Determine the monthly...
A factory manager is planning for the manufacture of plywood to be sold overseas. The fixed cost of operation is $800,000 per month while the variable cost is $155 per thousand board feet of plywood. The selling price will depend on how much will be produced and sold and is determined by the relationship, price per thousand board feet, p= $600-0.05D, where D is the amount produced and sold in thousands of board feet. Determine the range of profitable production....
A factory manager is planning for the manufacture of plywood to be sold overseas. The fixed cost of operation is estimated at $800,000 per month while the variable cost is $155 per thousand board feet of plywood. The selling price will depend on how much will be produced and sold and is determined by the relationship, price per thousand board feet, p $600-0.05D, where D is the amount produced and sold in thousands of board feet Determine the range of...
A factory manager is planning for the manufacture of plywood to be sold overseas. The fixed cost of operation is estimated at $800,000 per month while the variable cost is $155 per thousand board feet of plywood. The selling price will depend on how much will be produced and sold and is determined by the relationship, price per thousand board feet, p = $600 – 0.05D, where D is the amount produced and sold in thousands of board feet. Determine...
Instructor-created question Question Help * A factory manager is planning for the manufacture of plywood to be sold overseas. The fixed cost of operation is estimated at $800,000 per month while the variable cost is $155 per thousand board feet of plywood The selling price will depend on how much wil be produced and sold and is determined by board foet. Determine the range of profitable production the relationship, price per thousand board feet p- $600-0.05D, where D is the...
111 A firm is planning to manufacture a new product. As the selling price is increased, the quantity that can be sold decreases. Numerically the sales department estimates: P = $350 – 0.2Q where P=selling price per unit Q=quantity sold per year On the other hand, management estimates that the average unit cost of manufacturing and sell- ing the product will decrease as the quantity sold increases. They estimate C = $40Q + $20,000 where C = cost to produce...
Suppose a company has fixed costs of $51,200 and variable cost per unit of 1 3 x + 333 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1965 − 2 3 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...
Find all the hypercritical values of the function. f(a) = x® – 4x4 – 27x2 The concentration of a drug in the bloodstream C(t) at any time t, in hours, is described by the equation 100t c(t) = 2 + 25 where t = 0 corresponds to the time at which the drug was swallowed. Determine how long it takes the drug to reach its maximum concentration. It will take hours until it reaches its maximum concentration. Suppose a baby...
QUESTION ONE A. Suppose the marginal cost and marginal revenue (in ¢000) for a product produced by a company is estimated to be MC = q +35 MR = 560 + 22q-q? Where q is the quantity produced and the firm's break-even is 5 units per week You are Required to 1. determine the total cost and the total revenue function in terms of q. (6 marks) II. estimate the output at which profit is maximize (6 marks) III. calculate...
A company manufactures and sells x television sets per month. The monthly cost and price-demand equations are C(x) = 72,000 + 40x and p(x)= 300 - 500SX S 9000. (A) Find the maximum revenue. (B) Find the maximum profit, the production level that will realize the maximum profit, and the price the company should charge for each television set. (C) If the government decides to tax the company 54 for each set it produces, how many sets should the company...