9. The variable costs on a new product will be $60 per unit and the fixed costs are estimated to be $5900. The selling price will be $140 per unit. What is the total revenue if 300 units are sold? What is the total variable cost?

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.8: Linear Programming
Problem 4SC: If the cost of each Robust tablet increases to 75 c and the cost of each Vigortab increases to 80 c...
icon
Related questions
Question
9. The variable costs on a new product will be $60 per unit and the fixed costs are estimated
to be $5900. The selling price will be $140 per unit. What is the total revenue if 300 units
are sold? What is the total variable cost?
Transcribed Image Text:9. The variable costs on a new product will be $60 per unit and the fixed costs are estimated to be $5900. The selling price will be $140 per unit. What is the total revenue if 300 units are sold? What is the total variable cost?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 5 images

Blurred answer