A company manufacturing laundry sinks has fixed costs of $100 per day but has total costs of $2,500 per day when producing 15 sinks. The company has a daily demand function of q = 360 − p, where q is the number if laundry sinks demanded and p is te price of a laundry sink.  How many laundry sinks will the company need to produce in order to maximise it′s profits?  What is the maximum profit?

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Q: A company manufacturing laundry sinks has fixed costs of $100 per day but has total costs of $2,500…

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Q: A company manufacturing laundry sinks has fixed costs of $100 per day but has total costs of $2,500…

A: Given, Demand function is, q=360-pp=360-q Now, the Revenue function is, Rq=pq=360-qq=360q-q2…

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Q: A company determines that its demand function is given by p(q) = -0.4q+ 1754 and that its cost…

A: p(q)=-0.4q+1754C(q)=62.97q+3515R(q)=1128000R(q)= q. p(q)R(q)=q (-0.4q+1754 )R(q)=-0.4q2+1754q

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Q: Teddy J is a manufacturer of dish washing liquid. If his monthly demand function for 750ml size is…

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Q: A company manufacturing laundry sinks has fixed costs of $100 per day but has total costs of $2,500…

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Q: Q1) A company sells a product for $150 per unit. Raw material costs are $40 per unit, labor costs…

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