A large wood products company is negotiating a contract to sell plywood overseas. The fixed cost that can be allocated to the production of plywood is $ 885,093 per month. The variable cost per thousand board feet is $135 The price charged will be determined by p= $600-0.05D per board feet. Determine the optimum monthly profit for this product.

A large wood products company is negotiating a contract to sell plywood overseas. The fixed cost that can be allocated to the production of plywood is $ 885,093 per month. The variable cost per thousand board feet is $135 The price charged will be determined by p= $600-0.05D per board feet. Determine the optimum monthly profit for this product.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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