Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

***********Please answer FULL question A-D********* Suppose a company has fixed costs of $41,600 and variable cost per unit of 1/3x + 333 dollars, where x

***********Please answer FULL question A-D*********

Suppose a company has fixed costs of $41,600 and variable cost per unit of 1/3x + 333 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1665 2/3x dollars per unit.

(a) Find the break-even points. (Enter your answers as a comma-separated list.) x =

(b) Find the maximum revenue. (Round your answer to the nearest cent.) $

(c) Form the profit function P(x) from the cost and revenue functions. P(x) =

Find maximum profit. $

(d) What price will maximize the profit? (Round your answer to the nearest cent.) $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Curriculum Auditing

Authors: Fenwick W. English

1st Edition

0877625921, 978-0877625926

More Books

Students also viewed these Accounting questions

Question

1. Define the nature of interviews

Answered: 1 week ago

Question

2. Outline the different types of interviews

Answered: 1 week ago