A company has determined the price and the monthly demand of its products are related by the equation D = √775 - p, where p is the price per unit in dollar and D, is the monthly demand. The associated fixed costs are $2,125 per month and the variable costs are $100/ unit. Use this information to answer the following: a)What is the optimal number of units that should be produced and sold each month? b) What is the maximum profit? c)Determine the value of D that represents the break-even point?

A company has determined the price and the monthly demand of its products are related by the equation D = √775 - p, where p is the price per unit in dollar and D, is the monthly demand. The associated fixed costs are $2,125 per month and the variable costs are $100/ unit. Use this information to answer the following: a)What is the optimal number of units that should be produced and sold each month? b) What is the maximum profit? c)Determine the value of D that represents the break-even point?

Refrigeration and Air Conditioning Technology (MindTap Course List)

8th Edition

ISBN:9781305578296

Author:John Tomczyk, Eugene Silberstein, Bill Whitman, Bill Johnson

Publisher:John Tomczyk, Eugene Silberstein, Bill Whitman, Bill Johnson

Chapter2: Matter And Energy

Section: Chapter Questions

Problem 1RQ: Matter is a substance that occupies space and has A. color. B. texture. C. temperature. D. mass.

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