Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.Suppose a widget manufacturer has the total cost function C ( x ) = 31 x + 6256 and the total revenue function R (

1.Suppose a widget manufacturer has the total cost function C ( x ) = 31 x + 6256 and the total revenue function R ( x ) = 54 x . The number of widgets that the manufacturer must sell to break even is .

2.A company sells one of its products for $11.00 per unit. Its fixed costs are $770.00 per month, and the variable cost per unit is $4.00. (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. (If necessary, round up to the next whole number of units.) (c) The profit at a monthly output level of 145 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_2

Step: 3

blur-text-image_3

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

Public Finance And Public Policy

Authors: Jonathan Gruber

2nd Edition

0716766310, 9780716766315

More Books

Students also viewed these Finance questions