Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Show your complete solution. Q7. The ABC Company wants to make a sale on the shirts that they are selling at P350 per shirt. If
Show your complete solution.
Q7. The ABC Company wants to make a sale on the shirts that they are selling at P350 per shirt. If the customer will buy in bulk size, the owner of the store is willing to give discount of P5 for every shirts in excess of 5D shirts. The unit cost of each shirt is P150, furthermore the company incurs an operating cost P1 0m per month. a. What is the total cost function per month of ABC Company? D. What is the average cost function? G. Determine the revenue function. d. Find the order size of shirt that will maximize the total revenue per month. e. How much is the maximum revenue per month? gs. The total cost function of a commodity is C(11) = 33::2 - 10x 5, and the price 3' = 200 4x a. What is the prot function? b. 1lr'lr'hat is the most protable quantity of the commodity? c. How much will be maximum prot at the most protable quantity? d. How much will be total cost at the roost protable quantityStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started