Product X is sold for $500 per unit. The total cost of production per year, including capital
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Product X is sold for $500 per unit. The total cost of production per year, including capital recovery and a return, is given by the expression TC ¼ 0:04n3 700n þ 50,000 where n is the number of units sold. If TC represents the total of all fixed and variable costs, determine the following:
a. The value of n that maximizes profit
b. The maximum profit for a year
c. The fixed cost per year
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Related Book For 
Principles Of Engineering Economic Analysis
ISBN: 9781118163832
6th Edition
Authors: John A. White, Kenneth E. Case, David B. Pratt
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