As Sales Manager for Montevideo Productions, Inc., you are planning to review the prices you charge clients for television advertisement development. You currently charge each client an hourly development fee of $2,700. With this pricing structure, the demand, measured by the number of contracts Montevideo signs per month, is 13 contracts. This is down 6 contracts from the figure last year, when your company charged only $2,100. The costs to Montevideo Productions are estimated as follows. Fixed costs: $150,000 per month Variable costs: $60,000 per contract Express Montevideo Productions' monthly cost as a function of the number q of contracts. C(q) = Express Montevideo Productions' monthly cost as a function of the hourly production charge p. C(p) =

As Sales Manager for Montevideo Productions, Inc., you are planning to review the prices you charge clients for television advertisement development. You currently charge each client an hourly development fee of $2,700. With this pricing structure, the demand, measured by the number of contracts Montevideo signs per month, is 13 contracts. This is down 6 contracts from the figure last year, when your company charged only $2,100. The costs to Montevideo Productions are estimated as follows. Fixed costs: $150,000 per month Variable costs: $60,000 per contract Express Montevideo Productions' monthly cost as a function of the number q of contracts. C(q) = Express Montevideo Productions' monthly cost as a function of the hourly production charge p. C(p) =

Name: As Sales Manager for Montevideo Productions, Inc., you are planning to
Uploaded: 2024-03-20T07:07:26.000Z
Channel: Bartleby
Description: As Sales Manager for Montevideo Productions, Inc., you are planning to review the prices you charge clients for television advertisement development. You currently charge each client an hourly development fee of $2,700. With this pricing structure, t

Elementary Geometry For College Students, 7e

7th Edition

ISBN:9781337614085

Author:Alexander, Daniel C.; Koeberlein, Geralyn M.

Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.

Chapter8: Areas Of Polygons And Circles

Section8.5: More Area Relationships In The Circle

Problem 30E: At the Pizza Dude restaurant, a 12-in. pizza costs 5.40 to make, and the manager wants to make at...

See similar textbooks

Similar questions

At the Pizza Dude restaurant, a 12-in. pizza costs 5.40 to make, and the manager wants to make at least 4.80 from the sale of each pizza. If the pizza will be sold by the slice and each pizza is cut into 6 pieces, what is the minimum charge per slice?
Calculate the consumers' surplus if the demand equation is p=20-2q1/3 and the unit price is set at p=12.
Assume a sales price per unit of $25, variable cost per unit $15, and total fixed costs of $18000. If no units are sold, how much cost would the company incur?
The annual fixed costs for a plant are $100,000, and the variable costs are $140,000 at 70% utilization of available capacity, with net sales of $280,000. What is the breakeven point in units of production if the selling price per unit is $40?
Calculate the Consumers’ Surplus if the demand equation is p = 20 − 2q 1/3 and the unit price is set at ¯p = 12. (10 pts)
A publisher for a promising new novel figures fixed costs at $33,805 and variable costs at $2.7 for each book produced. If the book is sold to the distributors for $15 each, how many books must be produced and sold for the publisher to break even?
As Sales Manager for Montevideo Productions, Inc., you are planning to review the prices you charge clients for television advertisement development. You currently charge each client an hourly development fee of $2,700. With this pricing structure, the demand, measured by the number of contracts Montevideo signs per month, is 13 contracts. This is down 5 contracts from the figure last year, when your company charged only $2,200 On average, Montevideo bills for 40 hours of production time on each contract. Give a formula for the total revenue obtained by charging $p per hour. Express Montevideo Productions' monthly profit as a function of the hourly development fee p. P(p) = Find the price it should charge to maximize the profit (in dollars per hour). p = $
A publisher for a promising new novel figures fixed costs (overhead, advances, promotion, copyediting, typesetting, and so on) at $87,000 and variable costs (printing, paperm bilding, shipping) at $4.50 for each book produced. If the book is sold to distributors for $28 each, how many must be produced and sold for the publisher to break even?
A firm sells a product for $80 per unit. Raw material costs are $12.50 per unit, labor costs are$27.50 per unit, and annual fixed costs are $360,000. How many units would have to be sold toearn an annual profit of $250,000.
The management of an ‘Electronic Goods’ manufacturing company asked you to give an advice about changing its current production plan, given the following information: - Annual production plan of computers is 4200 computers. - Total cost of production is OMR 824000. - Fixed cost is OMR 320000. - Revenue function: R = 460.2Q – 0.05Q2 1-Use the above information to formulate the price function and the total cost function, and determine the following: i. Profit-maximizing quantity. ii. Profit-maximizing price. iii. Maximum profit value. iv. Revenue-maximizing quantity. 2-Should the company change its current annual production plan of computers in order to maximize its profit?
Given Cost and Price (demand) functions C(q)=100q+40000 and p(q)=−2.2q+900, what profit can be earned if the price is set to be $550 per item?
A group of sales reps receive bonuses if they exceed theier monthly quotas for unit sales. Over a particular six-month period, their monthly comparisons to their quotas were: -24, -16, +33, +12, -19, and +8 units. How far above or below the quotas were they for the entire six-month period?