FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Extraordinary Manufacturing Company has established that the relationship between sales price for one of its products and the quantity sold per month is approximately

The Extraordinary Manufacturing Company has established that the relationship between sales price for one of its products and the quantity sold per month is approximately 3D=1680-39p units. The fixed cost is P1500 per month, the variable cost is P45 per unit produced.

  • What number of units should be produced and sold per month to maximize net profit? What is the maximum profit?
  • What is the production range of profitable business for the company?

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

Bitcoin Complete Guide To Bitcoin Understand Everything From Getting Started With Bitcoin Sending And Receiving Bitcoin To Mining Bitcoin

Bitcoin Complete Guide To Bitcoin Understand Everything From Getting Started With Bitcoin Sending And Receiving Bitcoin To Mining Bitcoin

Authors: Mr Mark Gates

1st Edition

1974565491, 978-1974565498

More Books

Students also viewed these Finance questions

Question

★★★★★
Use the 2014 financial statements for Danier Leather Inc. in Appendix A to answer the following questions: a. In your own words describe the share capital of Danier. Why do you think the company has...

Answered: 1 week ago

Question

★★★★★
In Problems 5368, determine whether each infinite geometric series converges or diverges. If it converges, find its sum. *%( k=1 2/3 k1 -1 3/

Answered: 1 week ago

Question

★★★★★
Suppose a coin has been flipped but you do not know the outcome (either heads or tails). How many bits of information are needed to eliminate the uncertainty about the outcome of this random event?

Answered: 1 week ago

Question

★★★★★
The overhead application rate for a company is $10 per unit, made up of $6 per unit of fixed overhead and $4 per unit of variable over- head. Normal capacity is 10,000 units. In one month there was a...

Answered: 1 week ago

Question

★★★★★
The Extraordinary Manufacturing Company has established that the relationship between sales price for one of its products and the quantity sold per month is approximately 3D=1680-39p units. The fixed...

Answered: 1 week ago

Question

★★★★★
A job description says a prospective employee should have experience in networking, blogging, and tweeting. It also mentions search engine optimization and e-mail outreach as added advantages. Which...

Answered: 1 week ago

Question

★★★★★
Consider the market for Samsung Galaxy S21. a. Scenario 1: Using a supply and demand graph, show what will happen to the current equilibrium price and quantity of S21s if people expect the price of...

Answered: 1 week ago

Question

★★★★★
Occupational Safety and Health Administration provides information on the leading causes of fatalities in construction, also known as the fatal four. Discuss the four fatal (focus) hazards, and...

Answered: 1 week ago

Question

★★★★★
By providing examples, explain SIX (6) performance evaluation of account receivables management. a. Discuss the indicator to assess the effectiveness of inventory system in a company. b. If the lead...

Answered: 1 week ago

Question

★★★★★
All of the following are resources that help hiring officials, supervisors, and HR and equal employment opportunity (EEO) professionals provide accommodations to employees EXCEPT: a. The DHS...

Answered: 1 week ago

Question

★★★★★
The function M is given M(t)=520000/1+0.4e^kt, where k is a constant. IF M(5) = 280000 what is the value of M(13)

Answered: 1 week ago

Previous Question Next Question