Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please explain,show steps and solve them super easily. I will appreciate your help. Thank you. 1. 2. Problem 2 (16 points) A clothing company spends

Please explain,show steps and solve them super easily. I will appreciate your help. Thank you.

1.

image text in transcribed

2.

image text in transcribed

Problem 2 (16 points) A clothing company spends $300,000 a year on fixed costs and $30 per item to produce jackets. The company charges $90 per jacket. (a) Find the cost and revenue as functions of the number of items sold. (b) How many jackets does the company need to sell to make a profit (break-even point)? Problem 3 (version 1) (12 points) The weekly demand and supply functions for Sports- man 5 x 7 tents are given by p=-0.1.x2 1 +50, and p=0.1.x2 + 2x + 30. respectively, where p is measured in dollars and r is measured in units of a hundred. Find the equilibrium quantity (in hundred units)

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

Shape Up Your Finances

Authors: Ian Birt

2nd Edition

1925716422, 978-1925716429

More Books

Students also viewed these Finance questions