Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 7 Suppose a company has fixed costs of $16 and variable cost per unit of v(x)= x -7 dollars. where x is the total

image text in transcribed
QUESTION 7 Suppose a company has fixed costs of $16 and variable cost per unit of v(x)= x -7 dollars. where x is the total number of units produced. Suppose further that the selling price of its product is p(x) = 10- dollars per unit. Match the question with correct answer, there are more answers than questions. A. $ 88.25 B.P(x) = -x2 +17% -16 c. *=1.5 units D. X = 8.5 units What is the cost function? E. R(x)= 10x -3x? What is the revenue function? What is the profit function? How many units must the company sell to make a maximum profit? What is the maximum profit? What price will make the profit a maximum? F $39.25 G.P(x) = -x2+3x +16 H.C(x)= x22x+16 I. $ 9.50

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_2

Step: 3

blur-text-image_3

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

Fundamentals of Investment Management

Authors: Geoffrey Hirt, Stanley Block

10th edition

0078034620, 978-0078034626

More Books

Students also viewed these Finance questions