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ANSWER URGENTLY AND SHOW ALL STEPS! QUESTION NBC produces chemicals that are used in different mining companies. The fixed cost of is R100 000 and
ANSWER URGENTLY AND SHOW ALL STEPS!
QUESTION
NBC produces chemicals that are used in different mining companies. The fixed cost of is R100 000 and the variable cost is R90 per unit. The value of a is R210 and that of b is 0.03. (i) calculate the optimal volume for this product and confirm that a profit occurs (instead of a loss) at this demand. (10) (ii) find the volumes at which breakeven occurs; that is, what is the range of profitable demand? Solve by hand
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