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Juan Fox' has started her own company, Foxy Jeans, which manufactures imprinted jeans. Since he just begun this operation, he rents the equipment from a
Juan Fox' has started her own company, Foxy Jeans, which manufactures imprinted jeans. Since he just begun this operation, he rents the equipment from a local printing shop when necessary. The cost of using the equipment is P3,000. The materials used in one jean cost P200, and he can sell it at 350.
Requirements:
- 1. Provide for a mathematical model that will show how to maximize the profit.
- 2. IF Juan sells 100 jeans, what will his total revenues, total costs, and profit?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To maximize profit we need to consider the revenue earned from selling jeans and the costs associate...
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Step: 2
Step: 3
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Quantitative Analysis For Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna
11th Edition
9780132997621, 132149117, 132997622, 978-0132149112
