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A company that manufactures masks has fixed costs of 3000 dollars. Each mask costs 4.85 dollars...
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 company that makes Adirondack chairs has fixed costs of $4,000 and variable costs of $10...
A company that makes Adirondack chairs has fixed costs of $4,000 and variable costs of $10 per chair. The company sells the chairs for $60 each. (a) Find formulas for the cost and revenue as functions of Q. Cost function C(a) 22 Revenue function R(q) Q (1) Find the marginal cost and marginal revene Marginal cost MC Number Marginal revenue MR Number (c) Graph the cost and the revenue functions on the same axes. Select the correct figure. p($) C(q)...
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
If company A manufactures t-shirts and sells them to retailers for US$9.80 each. It has fixed...
If company A manufactures t-shirts and sells them to retailers for US$9.80 each. It has fixed costs of $2625 related to the production of the t-shirts, and the production cost per unit is US$2.30. Company B also manufactures t-shirts and selll them directly to consumers. The demand for its product is p = 15 − x 125 , its production cost per unit is US$5.00 and its fixed cost are the same as for company A . (i) Derive the...
2. Company manufactures and sells bikes. Each bike costs M R.O to make. The company's fixed...
2. Company manufactures and sells bikes. Each bike costs M R.O to make. The company's fixed costs are 500 R.O. In addition, the company owners know that the price of each bike comes from the price function p = 60 - (Note: M is the first two digit from your MEC ID after alphabetic (S or F), for example if the ID is 19F18140 take the two digit after F which are 18) 2. Company manufactures and sells bikes. Each...
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:...
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...
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...
4) A company that specializes in manufacturing reproductions of classic automobiles has fixed costs of $720,000...
4) A company that specializes in manufacturing reproductions of classic automobiles has fixed costs of $720,000 and variable costs of $35,000 per automobile. The automobiles sell for $50,000. a.) Write a function, C, for the cost of producing X automobiles. What is the cost of producing 60 automobiles? (5 points) b.) Write a function, R, for the revenue the company makes when selling x automobiles. (5 points) c.) Write a function, P, for the profit in terms of x. What...
(a) Boise Company manufactures and sells three products: Good, Better, and Best. Annual fixed costs are...
(a) Boise Company manufactures and sells three products: Good, Better, and Best. Annual fixed costs are $3,315,000, and data about the three products follow. Good 30% $250 Better 50% $350 Best 20% $500 Sales mix in units Selling price Variable cost 100 150 250 1. Determine the weighted-average unit contribution margin 2 Determine the break-even volume in units for each product 3. Determine the number of units that must be sold for each product to obtain a profit for 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...
A company that makes Adirondack chairs has fixed costs of $4,000 and variable costs of $10 per chair. The company sells the chairs for $60 each. (a) Find formulas for the cost and revenue as functions of Q. Cost function C(a) 22 Revenue function R(q) Q (1) Find the marginal cost and marginal revene Marginal cost MC Number Marginal revenue MR Number (c) Graph the cost and the revenue functions on the same axes. Select the correct figure. p($) C(q)...
2. Company manufactures and sells bikes. Each bike costs M R.O to make. The company's fixed costs are 500 R.O. In addition, the company owners know that the price of each bike comes from the price function p = 60 - (Note: M is the first two digit from your MEC ID after alphabetic (S or F), for example if the ID is 19F18140 take the two digit after F which are 18) 2. Company manufactures and sells bikes. Each...
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:...
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...
4) A company that specializes in manufacturing reproductions of classic automobiles has fixed costs of $720,000 and variable costs of $35,000 per automobile. The automobiles sell for $50,000. a.) Write a function, C, for the cost of producing X automobiles. What is the cost of producing 60 automobiles? (5 points) b.) Write a function, R, for the revenue the company makes when selling x automobiles. (5 points) c.) Write a function, P, for the profit in terms of x. What...
(a) Boise Company manufactures and sells three products: Good, Better, and Best. Annual fixed costs are $3,315,000, and data about the three products follow. Good 30% $250 Better 50% $350 Best 20% $500 Sales mix in units Selling price Variable cost 100 150 250 1. Determine the weighted-average unit contribution margin 2 Determine the break-even volume in units for each product 3. Determine the number of units that must be sold for each product to obtain a profit for the...
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