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A company has established that the relationship between the sales price for one of its products...
A company has determined that the price and monthly demand of one of its products are related by the equation D = (4000...
A company has determined that the price and monthly demand of one of its products are related by the equation D = (4000 - p)2/3 where p is the price per unit in dollars and D is the monthly demand in units. The associated fixed costs are $850 per month, and the variable costs are $3,687.5 per unit. What is the optimal number of units (rounded to the next whole number) that should be produced and sold each month?
A large company in the communication and publishing industry has quantified the relationship between the price...
A large company in the communication and publishing industry has quantified the relationship between the price of one of its products and the demand for this product as Price = 140-0.02xDemand for an annual printing of this particular product. The fixed costs per year (i.e., per printing) = $46,000 and the variable cost per unit = $50. What is the maximum profit that can be achieved? What is the unit price at this point of optimal demand? Demand is not...
A company has determined that the price and the monthly demand of one of its products...
A company has determined that the price and the monthly demand of one of its products are related by the equation where p is the price per unit in dollars and D is the monthly demand. The associated fixed costs are $1,125/month, and the variable costs are $100/unit. Use this information to answer Problem 2-52 and Problem 2-53. Select the closest answer. 2-52 What is the optimal number of units that should be produced and sold each month? 10 units...
2-22 A small company manufactures a certain product. Variable costs are $20 per unit and fixed...
2-22 A small company manufactures a certain product. Variable costs are $20 per unit and fixed costs are $10,875. The price-demand relationship for this product is P-0.25D 250, where P is the unit sales price of the product and D is the annual demand. Total cost Fixed cost + Variable cost Revenue Demand x Price e Profit Revenue-Total cost Set up your graph with dollars on the y axis (between 0 and $70,000) and, on the x axis, demand D:...
A company has determined that the price and the monthly demand of one of its products...
A company has determined that the price and the monthly demand of one of its products are related by the equation D= (375-p) where p is the price per unit in dollars and D is the monthly demand. The associated fixed costs are $1,176/month, and the variable costs are $95/unit. Which of the following values of D represents the breakeven point? Choose the closest answer below. O A. 25 OB. 22 O C. 14 OD. 11
A company produces and sells a consumer product and is able to control the demand for...
A company produces and sells a consumer product and is able to control the demand for the product by varying the selling price. The approximate relationship between price and demand is 2,700 p=$38+ > 4,700 D 22 , for D >1, where p is the price per unit in dollars and D is the demand per month. The company is seeking to maximize its profit. The fixed cost is $1,100 per month and the variable cost (cy) is $45 per...
du II 111 2-22 A small company manufactures a certain product. Variable costs are $20 per...
du II 111 2-22 A small company manufactures a certain product. Variable costs are $20 per unit and fixed costs are $10,875. The price-demand relationship for this product is P = -0.25D + 250, where P is the unit sales price of the product and D is the annual demand. • Total cost = Fixed cost + Variable cost • Revenue = Demand > Price • Profit = Revenue – Total cost Set up your graph with dollars on the...
A company produces circuit boards used to upgrade computer equipment. The fixed cost is $42,000 per...
A company produces circuit boards used to upgrade computer equipment. The fixed cost is $42,000 per month, and the variable cost is $53 per circuit board. The selling price per unit isP=$150 – 0.02D. Maximum output of the plant is 4,000 units per month. Determine the optimal demand for this product. What is the maximum profit per month? At what volume does breakeven occur? What is the company’s range of profitable demand?
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 production...
Designer Jackets, Inc. produces blazers and has the following data available on these products. Sales price...
Designer Jackets, Inc. produces blazers and has the following data available on these products. Sales price per unit $ 280 Variable cost per unit 120 Fixed costs per month 16,000 Tax rate 20 percent (1) How many units must be sold to earn a monthly profit of $150,000 after taxes? (2) How many sales dollars are required to earn a monthly profit of $150,000 after taxes?
2-22 A small company manufactures a certain product. Variable costs are $20 per unit and fixed costs are $10,875. The price-demand relationship for this product is P-0.25D 250, where P is the unit sales price of the product and D is the annual demand. Total cost Fixed cost + Variable cost Revenue Demand x Price e Profit Revenue-Total cost Set up your graph with dollars on the y axis (between 0 and $70,000) and, on the x axis, demand D:...
A company has determined that the price and the monthly demand of one of its products are related by the equation D= (375-p) where p is the price per unit in dollars and D is the monthly demand. The associated fixed costs are $1,176/month, and the variable costs are $95/unit. Which of the following values of D represents the breakeven point? Choose the closest answer below. O A. 25 OB. 22 O C. 14 OD. 11
A company produces and sells a consumer product and is able to control the demand for the product by varying the selling price. The approximate relationship between price and demand is 2,700 p=$38+ > 4,700 D 22 , for D >1, where p is the price per unit in dollars and D is the demand per month. The company is seeking to maximize its profit. The fixed cost is $1,100 per month and the variable cost (cy) is $45 per...
du II 111 2-22 A small company manufactures a certain product. Variable costs are $20 per unit and fixed costs are $10,875. The price-demand relationship for this product is P = -0.25D + 250, where P is the unit sales price of the product and D is the annual demand. • Total cost = Fixed cost + Variable cost • Revenue = Demand > Price • Profit = Revenue – Total cost Set up your graph with dollars on the...
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 production...
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