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Consider a business with a choice of two technologies to produce a product. Technology 1 has no fixed cost and a variable of $2 per
Consider a business with a choice of two technologies to produce a product. Technology 1 has no fixed cost and a variable of $2 per unit of product produced. Technology 2 has a fixed cost of $20,000 and a variable cost of $0.01 per unit. The market price of the product sold by the company depends on the number of units the company produces per year. If the number of units is , the market price is . Build an Excel model that can be used to determine the volume that will maximize the profit of the company
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