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Suppose you are the manager of a firm. The accounting department has provided costestimates, and the sales department salesestimates, on a new product. Analyze the
Suppose you are the manager of a firm. The accounting department has provided costestimates, and the sales department salesestimates, on a new product. Analyze the data they giveyou, determine what it will take to breakeven, and decide whether to go ahead with production of the new product. The product has a production cost function C(x)=460x+14,605 and a revenue function R(x)=575x.
Thebreak-even quantity is_____units
If the company can produce and sell no more than 225 units, should it doso?
Y/N
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