6. Product X is sold for $500 per unit. The total cost of production per year, including...
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6. 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 5 0.04n3 2 700n 1 50,000 where n is the number of units sold. If TC represents the total of all fi xed and variable costs, determine the following:
a. The value of n that maximizes profi t
b. The maximum profi t for a year
c. The fi xed cost per year
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Related Book For
Fundamentals Of Engineering Economic Analysis
ISBN: 9781118414705
1st Edition
Authors: John A. White, Kellie S. Grasman, Kenneth E. Case, Kim LaScola Needy, David B. Pratt
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