Aki's Bicycle Designs has determined that when x hundred bicycles are built, the average cost per...
Aki's Bicycle Designs has determined that when x hundred bicycles are built, the average cost per bicycle is given by C(x)=0.5x2-0.2x+9.099, where C(x) is in hundreds of dollars. How many bicycles should the shop build to minimize the average cost per bicycle?
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Aki's Bicycle Designs has determined that when x hundred
bicycles are built, the average cost per...
A company has determined that when x hundred dulcimers are built, the average cost per dulcimer...
A company has determined that when x hundred dulcimers are built, the average cost per dulcimer can be estimated by c(x)= 0.2x2-1.4x+3.650, where C(x) is in hundreds of dollars. What is the minimum average cost per dulcimer and how many dulcimers should be built to achieve that minimum?
Pis poss A company has determined that when x hundred dulcimers are built, the average cost...
Pis poss A company has determined that when x hundred dulcimers are built, the average cost per dulcimer can be estimated by Cx) = 0 27-0 6x +1 850, where CW) is in hundreds of dollars. What is the minimum average cost per dulcimer and how many dulcimers should be built to achieve that minimum? The minimum average cost per dulcimer is $ The company should build dulcimers to achieve the minimum
This Question: 1 pt A company has determined that when hundred dulcimers are built, the average...
This Question: 1 pt A company has determined that when hundred dulcimers are built, the average cost per dulcimer can be estimated by C) = 0 22 -0.6x + 2050, where ) is in hundreds of dollars. What is the minimum average cost per dulcimer and how many dulcimers should be built to achieve that minimum The minimum average cost per dulcimer is The company should build dulcimers to achieve the minimum
Suppose you are the owner of a firm producing bicycles at the average cost per bicycle...
Suppose you are the owner of a firm producing bicycles at the average cost per bicycle in the table below. Initially, you produce 200 bicycles per year. Then, a new customer calls and places an order for a bicycle, requiring you to increase your output to 201 bicycles. He offers you $350 for the bicycle. Explain why it is not profitable for you to accept his offer. Show your work. BICYCLES Production Number of bicycles Average Cost 200 $200 201...
Tim’s Bicycle Shop sells 21-speed bicycles. For purposes of a cost-volume-profit analysis, the shop owner has...
Tim’s Bicycle Shop sells 21-speed bicycles. For purposes of a cost-volume-profit analysis, the shop owner has divided sales into two categories, as follows: Product Type Sales Price Invoice Cost Sales Commission High-quality $ 1,400 $ 750 $ 90 Medium-quality 800 470 70 Three-quarters of the shop’s sales are medium-quality bikes. The shop’s annual fixed expenses are $147,400. (In the following requirements, ignore income taxes.) Required: Compute the unit contribution margin for each product type. What is the shop’s sales mix?...
60 3) Suppose that the cost of manufacturing x bicycles is given by C(x) = 10...
60 3) Suppose that the cost of manufacturing x bicycles is given by C(x) = 10 + 5x + **3. The company determined that the demand function for the bicycle is given by p 90 - x where p represents the price in dollars. [3+4= 7 marks] = a) Find and interpret C'(10). b) Find the maximum weekly profit. [Be sure to verify that the profit is maximum]
Tim's Bicycle Shop sells 21-speed bicycles. For purposes of a cost-volume-profit analysis, the shop owner has...
Tim's Bicycle Shop sells 21-speed bicycles. For purposes of a cost-volume-profit analysis, the shop owner has divided sales into two categories, as follows: Product Type High-quality Modium-quality Sales Price Trivoice Cost Sales Commission $1,300 $ 700 $80 750 420 60 Three-quarters of the shop's sales are medium-quality bikes. The shop's annual fixed expenses are $159,600. (In the following requirements, ignore income taxes.) Required: 1. Compute the unit contribution margin for each product type. 2. What is the shop's sales mix?...
Tim’s Bicycle Shop sells 21-speed bicycles. For purposes of a cost-volume-profit analysis, the shop owner has...
Tim’s Bicycle Shop sells 21-speed bicycles. For purposes of a cost-volume-profit analysis, the shop owner has divided sales into two categories, as follows: Product Type Sales Price Invoice Cost Sales Commission High-quality $ 1,300 $ 700 $ 80 Medium-quality 750 420 60 Three-quarters of the shop’s sales are medium-quality bikes. The shop’s annual fixed expenses are $159,600. (In the following requirements, ignore income taxes.) Required: Compute the unit contribution margin for each product type. What is the shop’s sales mix?...
Tim’s Bicycle Shop sells 21-speed bicycles. For purposes of a cost-volume-profit analysis, the shop owner has...
Tim’s Bicycle Shop sells 21-speed bicycles. For purposes of a cost-volume-profit analysis, the shop owner has divided sales into two categories, as follows: Product Type Sales Price Invoice Cost Sales Commission High-quality $ 1,800 $ 950 $ 40 Medium-quality 1,000 670 20 Three-quarters of the shop’s sales are medium-quality bikes. The shop’s annual fixed expenses are $234,900. (In the following requirements, ignore income taxes.) Required: 1. Compute the unit contribution margin for each product type. 2. What is the shop’s...
Tim’s Bicycle Shop sells 21-speed bicycles. For purposes of a cost-volume-profit analysis, the shop owner has...
Tim’s Bicycle Shop sells 21-speed bicycles. For purposes of a cost-volume-profit analysis, the shop owner has divided sales into two categories, as follows: Product Type Sales Price Invoice Cost Sales Commission High-quality $ 1,750 $ 790 $ 90 Medium-quality 870 570 30 Three-quarters of the shop’s sales are medium-quality bikes. The shop’s annual fixed expenses are $277,200. (In the following requirements, ignore income taxes.) Required: Compute the unit contribution margin for each product type. What is the shop’s sales mix?...
Pis poss A company has determined that when x hundred dulcimers are built, the average cost per dulcimer can be estimated by Cx) = 0 27-0 6x +1 850, where CW) is in hundreds of dollars. What is the minimum average cost per dulcimer and how many dulcimers should be built to achieve that minimum? The minimum average cost per dulcimer is $ The company should build dulcimers to achieve the minimum
This Question: 1 pt A company has determined that when hundred dulcimers are built, the average cost per dulcimer can be estimated by C) = 0 22 -0.6x + 2050, where ) is in hundreds of dollars. What is the minimum average cost per dulcimer and how many dulcimers should be built to achieve that minimum The minimum average cost per dulcimer is The company should build dulcimers to achieve the minimum
Suppose you are the owner of a firm producing bicycles at the average cost per bicycle in the table below. Initially, you produce 200 bicycles per year. Then, a new customer calls and places an order for a bicycle, requiring you to increase your output to 201 bicycles. He offers you $350 for the bicycle. Explain why it is not profitable for you to accept his offer. Show your work. BICYCLES Production Number of bicycles Average Cost 200 $200 201...
60 3) Suppose that the cost of manufacturing x bicycles is given by C(x) = 10 + 5x + **3. The company determined that the demand function for the bicycle is given by p 90 - x where p represents the price in dollars. [3+4= 7 marks] = a) Find and interpret C'(10). b) Find the maximum weekly profit. [Be sure to verify that the profit is maximum]
Tim's Bicycle Shop sells 21-speed bicycles. For purposes of a cost-volume-profit analysis, the shop owner has divided sales into two categories, as follows: Product Type High-quality Modium-quality Sales Price Trivoice Cost Sales Commission $1,300 $ 700 $80 750 420 60 Three-quarters of the shop's sales are medium-quality bikes. The shop's annual fixed expenses are $159,600. (In the following requirements, ignore income taxes.) Required: 1. Compute the unit contribution margin for each product type. 2. What is the shop's sales mix?...
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