Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Gymnast Clothing manufactures expensive hockey jerseys for sale to college bookstores in runs of up to 3 0 0 . Its cost ( in dollars

image text in transcribed
Gymnast Clothing manufactures expensive hockey jerseys for sale to college bookstores in runs of up to 300. Its cost (in dollars) for a run of x hockey jerseys is
)x(300
Gymnast Clothing sells the jerseys at $90 each. Find the revenue function.
R(x)=
Find the profit function.
P(x)=
What is the minimum number of jerseys that Gymnast Clothing should manufacture to make a profit? (Round your answer up to the nearest whole number.)
jerseys
3. Points]
WANEAC71.2.027.
The Oliver Company plans to market a new product. Based on its market studies, Oliver estimates that it can sell up to 5,500 units in 2005. The selling price will be $5 per unit. Variable costs are estimated to be 30% of total revenue. Fixed costs are estimated to be $6,300 for 2005. How many units should the company sell to break even?
units
4. Points]
WANEAC71.2.039.
Equilibrium Price: Cell Phones Worldwide quarterly sales of a brand of cell phones were approximately q=-p+146 million phones when the wholesale price was $p.
(a) If the cellphone company was prepared to supply q=9p-364 million phones per quarter at a wholesale price of $p, what would have been the equilibrium price?
$
(b) The actual wholesale price was $46 in the fourth quarter of 2004. Estimate the projected shortage or surplus at that price.
There is an estimated
---Select--- hat() of
million phones.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Management Accounting Information for Decision-Making and Strategy Execution

Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young

6th Edition

137024975, 978-0137024971

Students also viewed these Accounting questions

Question

Was it ethical to deny treatment to the control group?

Answered: 1 week ago