Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Suppose a widget manufacturer has the total cost function TC 2682 + 32x and the total revenue function TR 38c. The number of widgets

1. Suppose a widget manufacturer has the total cost function TC 2682 + 32x and the total revenue function TR 38c. The number of widgets that the manufacturer must sell to breakeven is____? Q2. The total cost formula for a company can be modeled by TC=3080+51x where x represents the number of items sold. A formula for the company's total income is modeled with TR=61x, where x represents the number of items sold. This company will breakeven when its total costs equal its total income. How many items must this company sell to breakeven? Q3. A company sells one of its products for $13.90 per unit. Its fixed costs are $1,755.00 per month, and the variable cost per unit is $2.20. (a) The contribution margin per unit is $ (rounded to the nearest cent). (b) The break-even volume, i.e., the level of output at break-even, is units per month (c) The profit at a monthly output level of 230 units is $ (rounded to the nearest cent)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Trigonometry A Unit Circle Approach (Subscription)

Authors: Michael Sullivan, Michael Sullivan III

11th Edition

0135229693, 9780135229699

More Books

Students also viewed these Mathematics questions

Question

Food supply

Answered: 1 week ago

Question

Mortality rate

Answered: 1 week ago