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2. It costs a restaurant owner $4.80 per plate to produce the dinner special and fixed...
A company Inc. finds that it costs $200 to produce each motorized scooter and that the...
A company Inc. finds that it costs $200 to produce each motorized scooter and that the forced costs are $1,000 per day yielding the cost function C(x) = 200x + 1,000 The price is given by p=600 - 5x, where p is the price in dollars at which exactly x scooters will be sold. Find the quantity of scooters that the company Inc. should produce and the price it should charge to maximize profit. Find the maximum profit How many...
P2-46A (similar to) E Question Help The owner of Brooklyn Restaurant is disappcinted because the restaurant...
P2-46A (similar to) E Question Help The owner of Brooklyn Restaurant is disappcinted because the restaurant has been averaging 10,000 pizza sales per month, but the restaurant and wait staff can make and serve 12,500 pizzas per month. The variable cost (for example, ingredients) of each pizza is $1.50. Monthly fixed costs (for example, depreciation, property taxes, business license, and manager's salary) are $11,000 per month. The cwrier wants cost information abcut different volumes so that some operating decisions can...
The owner of Brooklyn Restaurant is disappointed because the restaurant has been averaging 10,000 pizza sales...
The owner of Brooklyn Restaurant is disappointed because the restaurant has been averaging 10,000 pizza sales per month, but the restaurant and wait staff can make and serve 12,500 pizzas per month. The variable cost or example, ingredients) of each pizza is $1.50. Monthly fixed costs (for example, depreclation, property taxes, business license, and managers salary) are $11,000 per month. The owner wants cost information about different volumes so that some operating decisions can be made Read the requirements. Requirement...
Silver Scooter Inc. finds that it costs $100 to produce each motorized scooter and that the...
Silver Scooter Inc. finds that it costs $100 to produce each motorized scooter and that the fixed costs are $1,000. The price is given by p = 700 - X, where p is the price in dollars at which exactly x scooters will be sold. Find the quantity of scooters that the company should produce and the price it should charge to maximize profit. Find the maximum profit How many scooters should the company produce to maximize profit? scooters What...
The owner of New Jersey Restaurant is disappointed because the restaurant has been averaging 4.000 pezas...
The owner of New Jersey Restaurant is disappointed because the restaurant has been averaging 4.000 pezas per month, but the restaurant and wait staf.com make and serve 6.000 per month Themable cost for example, ingredients of each purais 51.25. Monthly feed costs for example, detin property ws, business license and manager's salary are 35.000 per month. The owner wants cost information about different volumes so that some operating decisions can be Requirement 1. Use the chart below to provide the...
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 monopolist has variable costs of VC = q2 and faces a demand curve of P = 24 – q, where P is price and q the quantity sold. If the monopolist sets a single price what is profit (assume there are no fixed costs)?
A monopolist has variable costs of VC = q2 and faces a demand curve of P = 24 – q, where P is price and q the quantity sold. If the monopolist sets a single price what is profit (assume there are no fixed costs)?
It’s one question, please answer all parts PROFIT FUNCTION Another company is producing a small new tablet. The company has fixed costs of $15400, and it costs $212 to produce each tablet. The c...
It’s one question, please answer all parts
PROFIT FUNCTION Another company is producing a small new tablet. The company has fixed costs of $15400, and it costs $212 to produce each tablet. The company decides to charge a price of $749 per tablet As in the previous two pages, determine a cost and revenue function for the company, and record those here. C(Q)- R(q) Do not include dollar signs in the answers q should be the only variable in the...
Please Answer Part 2. The market for fabric has only one producer. Assume that daily market...
Please Answer Part 2. The market for fabric has only one producer. Assume that daily market demand for fabric is y = 100,000 - 100p, where y denotes the quantity and p denotes the unit price. Also assume that producing y units of fabric costs 100y. 1. How many units of fabric should the producer produce and sell in order to maximize profits? Calculate the profit-maximizing price and the profit. 2. Now suppose that to produce one unit of fabric...
Suppose a company has fixed costs of $54,400 and variable cost per unit of 1/3x +...
Suppose a company has fixed costs of $54,400 and variable cost per unit of 1/3x + 333 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 2065 - 2/3x dollars per unit. (a) Find the break-even points. (b) Find the maximum revenue. (c) Form the profit function P(x) from the cost and revenue functions. Find maximum profit. (d) What price will maximize the profit
A company Inc. finds that it costs $200 to produce each motorized scooter and that the forced costs are $1,000 per day yielding the cost function C(x) = 200x + 1,000 The price is given by p=600 - 5x, where p is the price in dollars at which exactly x scooters will be sold. Find the quantity of scooters that the company Inc. should produce and the price it should charge to maximize profit. Find the maximum profit How many...
P2-46A (similar to) E Question Help The owner of Brooklyn Restaurant is disappcinted because the restaurant has been averaging 10,000 pizza sales per month, but the restaurant and wait staff can make and serve 12,500 pizzas per month. The variable cost (for example, ingredients) of each pizza is $1.50. Monthly fixed costs (for example, depreciation, property taxes, business license, and manager's salary) are $11,000 per month. The cwrier wants cost information abcut different volumes so that some operating decisions can...
The owner of Brooklyn Restaurant is disappointed because the restaurant has been averaging 10,000 pizza sales per month, but the restaurant and wait staff can make and serve 12,500 pizzas per month. The variable cost or example, ingredients) of each pizza is $1.50. Monthly fixed costs (for example, depreclation, property taxes, business license, and managers salary) are $11,000 per month. The owner wants cost information about different volumes so that some operating decisions can be made Read the requirements. Requirement...
Silver Scooter Inc. finds that it costs $100 to produce each motorized scooter and that the fixed costs are $1,000. The price is given by p = 700 - X, where p is the price in dollars at which exactly x scooters will be sold. Find the quantity of scooters that the company should produce and the price it should charge to maximize profit. Find the maximum profit How many scooters should the company produce to maximize profit? scooters What...
The owner of New Jersey Restaurant is disappointed because the restaurant has been averaging 4.000 pezas per month, but the restaurant and wait staf.com make and serve 6.000 per month Themable cost for example, ingredients of each purais 51.25. Monthly feed costs for example, detin property ws, business license and manager's salary are 35.000 per month. The owner wants cost information about different volumes so that some operating decisions can be Requirement 1. Use the chart below to provide the...
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...
It’s one question, please answer all parts
PROFIT FUNCTION Another company is producing a small new tablet. The company has fixed costs of $15400, and it costs $212 to produce each tablet. The company decides to charge a price of $749 per tablet As in the previous two pages, determine a cost and revenue function for the company, and record those here. C(Q)- R(q) Do not include dollar signs in the answers q should be the only variable in the...
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