A certain company has fixed costs of $15,000 for its product and variable costs given by 140
Question:
A certain company has fixed costs of $15,000 for its product and variable costs given by 140 + 0.04x dollars per unit, where x is the total number of units. The selling price of the product is given by 300 - 0.06x dollars per unit.
(a) Formulate the functions for total cost and total revenue.
(b) Find the break-even quantities.
(c) Find the level of sales that maximizes revenue.
(d) Form the profit function and find the level of production and sales that maximizes profit.
(e) Find the profit (or loss) at the production levels found in parts (c) and (d)?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
a Cx 15000 140 004x x 15000 140x 004x 2 Rx 300 006x x 300x 006x 2 b 15000 ...View the full answer
Answered By
Felix Mucee
I am a detailed and thorough professional writer with 5 years of administrative experience- the last 2 years in academic writing and virtual office environment. I specialize in delivering quality services with respect to strict deadlines and high expectations. I am equipped with a dedicated home office complete with a computer, copier/scanner/fax and color printer.
I provide creative and detailed administrative, web search, academic writing, data entry, Personal assistant, Content writing, Translation, Academic writing, editing and proofreading services. I excel at working under tight deadlines with strict expectations. I possess the self-discipline and time management skills necessary to have served as an academic writer for the past five years. I can bring value to your business and help solve your administrative assistant issues.
13+ Reviews
33+ Question Solved
Related Book For 
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
