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duestion Help 3 It costs 10 dollars to manufacture and distribute a backpack the backpacks sell...
You are considering investing in a business venture that involves manufacturing and selling backpacks. Since you...
You are considering investing in a business venture that involves manufacturing and selling backpacks. Since you do not want to deal with the actual manufacturing of the product you are planning to outsource this part of the business. You are given a quote by as follows: the fixed cost for placing the order is $6000 plus an additional $10 dollars for each backpack ordered. Additionally you estimate that the design of the product will cost you an additional $2000 and...
TrailPacker produces rugged backpacks for outdoor sports (hiking, rock climbing, etc.) Their backpacks are sold at...
TrailPacker produces rugged backpacks for outdoor sports (hiking, rock climbing, etc.) Their backpacks are sold at many specialty outdoor stores across the country. The cost of manufacturing and marketing their backpacks, at their normal factory volume of 20,000 backpacks per month, is shown in the table below. TrailPacker sells these backpacks for $50 each. TrailPacker is making a small profit, but they would prefer to increase their Operating Income. Per Unit Per Unit Unit Manufacturing Cost $ 7.00 Variable Materials...
3. A certain company has fixed costs of $15,000 for its product and variable costs is...
3. A certain company has fixed costs of $15,000 for its product and variable costs is given by 140 +0.04x dollars per unit where x is the total number of units. The selling price p of the product is given by 300 -0.06x dollars per unit. (6 pts) a) Set up the functions for total cost and total revenue. b) Find the minimum break even quantity. c) Set up the profit function and compute the number of units that will...
A manufacturer of backpacks plans to introduce a new line. Equipment and production costs will be...
A manufacturer of backpacks plans to introduce a new line. Equipment and production costs will be incurred immediately and will total $7,272,727. The company expects to earn a profit of $20 per backpack, and sales are estimated to be 100,000 in the first year (assume that the cash flow comes in at the end of the year). Sales are then expected to grow by 10% per year in each of the next three years (in year 2, year 3, and...
(1 point) A manufacture has been selling 1100 television sets a week at $450 each. A...
(1 point) A manufacture has been selling 1100 television sets a week at $450 each. A market survey indicates that for each $10 rebate offered to a buyer, the number of sets sold will increase by 100 per week. a) Find the function representing the demand p(x), where x is the number of the television sets sold per week and p(x) is the corresponding price. P(x) = b) How large rebate should the company offer to a buyer, order to...
#9, #10, bonus 8. (10 points) At Kati's Candy Emporium, the demand function for bags of...
#9, #10, bonus
8. (10 points) At Kati's Candy Emporium, the demand function for bags of gummy snails (price in dollars per bag) is given by p(x)-12x + 14 and the cost function (in dollars) is C(x) = 0.45x + 25 Find the profit P as a function of number of bags x and then find the number of bags they need to sell in order to maximize their profit. 1 if ISO 9. (10 points) Sketch the graph of...
Suppose a company has fixed costs of $51,200 and variable cost per unit of 1 3...
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...
1. The total cost to manufacture and sell q cars is given by the cost equation...
1. The total cost to manufacture and sell q cars is given by the cost equation C(q)=2000+59 The revenue equation is R(q)= 40q-0.050 dollars for the sale of q exactotherms. Assume the profit is P(q) = R(q) - C(q). a. Find the marginal cost. b. Find the marginal revenue. c. What is the profit equation? P(q) = 2. a. Find the number of items q to sell so that the profit function P(q) has its maximum Confirm that you answer...
A manufacturer is planning to sell a new product at the price of 360 dollars per unit and estimat...
A manufacturer is planning to sell a new product at the price of 360 dollars per unit and estimates that if x thousand dollars is spent on development and y thousand dollars is spent on promotion, consumers will buy approximately+ units of the product. 150y 250x \+4 + x+9 If manufacturing costs for the product are 220 dollars per unit, how much should the manufacturer spend on development and how much on promotion to generate the largest possible profit? Round...
Fairmount Travel Gear produces backpacks and sells them to vendors who sell them under their own...
Fairmount Travel Gear produces backpacks and sells them to vendors who sell them under their own label. The cost of one of its backpacks follows. Materials Labor Variable overhead Pixed overhead ($405,000 per year; 45,000 units per year) Total $27.00 18.00 7.50 9.00 $61.50 Riverside Discount Mart, a chain of low-price stores, has asked Fairmount to supply it with 3,000 backpacks for a special promotion Riverside is planning. Riverside has offered to pay Fairmount a unit price of $63 per...
3. A certain company has fixed costs of $15,000 for its product and variable costs is given by 140 +0.04x dollars per unit where x is the total number of units. The selling price p of the product is given by 300 -0.06x dollars per unit. (6 pts) a) Set up the functions for total cost and total revenue. b) Find the minimum break even quantity. c) Set up the profit function and compute the number of units that will...
(1 point) A manufacture has been selling 1100 television sets a week at $450 each. A market survey indicates that for each $10 rebate offered to a buyer, the number of sets sold will increase by 100 per week. a) Find the function representing the demand p(x), where x is the number of the television sets sold per week and p(x) is the corresponding price. P(x) = b) How large rebate should the company offer to a buyer, order to...
#9, #10, bonus
8. (10 points) At Kati's Candy Emporium, the demand function for bags of gummy snails (price in dollars per bag) is given by p(x)-12x + 14 and the cost function (in dollars) is C(x) = 0.45x + 25 Find the profit P as a function of number of bags x and then find the number of bags they need to sell in order to maximize their profit. 1 if ISO 9. (10 points) Sketch the graph of...
1. The total cost to manufacture and sell q cars is given by the cost equation C(q)=2000+59 The revenue equation is R(q)= 40q-0.050 dollars for the sale of q exactotherms. Assume the profit is P(q) = R(q) - C(q). a. Find the marginal cost. b. Find the marginal revenue. c. What is the profit equation? P(q) = 2. a. Find the number of items q to sell so that the profit function P(q) has its maximum Confirm that you answer...
A manufacturer is planning to sell a new product at the price of 360 dollars per unit and estimates that if x thousand dollars is spent on development and y thousand dollars is spent on promotion, consumers will buy approximately+ units of the product. 150y 250x \+4 + x+9 If manufacturing costs for the product are 220 dollars per unit, how much should the manufacturer spend on development and how much on promotion to generate the largest possible profit? Round...
Fairmount Travel Gear produces backpacks and sells them to vendors who sell them under their own label. The cost of one of its backpacks follows. Materials Labor Variable overhead Pixed overhead ($405,000 per year; 45,000 units per year) Total $27.00 18.00 7.50 9.00 $61.50 Riverside Discount Mart, a chain of low-price stores, has asked Fairmount to supply it with 3,000 backpacks for a special promotion Riverside is planning. Riverside has offered to pay Fairmount a unit price of $63 per...
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