Question
Kentucky manufacturing corporation determined the following relationship between the quantity and price in its operations D = a - bp. Since Kentucky also gets
Kentucky manufacturing corporation determined the following relationship between the quantity and price in its operations D = a - bp. Since Kentucky also gets its raw materials from a supplier, the corporation also noted that the variable cost of its raw material is expressed by the demand. In this case, UVC = -CD. In this problem, a, b, and c are constants. Answer the following questions. Given: a = 144 b = 0.8 C = 0.25 Fixed Cost = 7700 Determine at least one of the two the breakeven Quantity for Kentucky Manufacturing.
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Management Science The Art Of Modeling With Spreadsheets
Authors: Stephen G. Powell, Kenneth R. Baker
4th Edition
978-1118517376, 9781118800348, 1118517377, 1118800346, 978-1118582695
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