Suppose a company has fixed costs of $4000 and variable costs per unit of x + 1160 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 16 x dollars per unit. 16 1300 - (a) Find the break-even points. (Enter your answers as a comma-separated list.) (b) Find the maximum revenue. (c) Form the profit function P(x) from the cost and revenue functions. P(x) = Find the maximum profit. %24 (d) What price will maximize the profit? (Round your answer to the nearest cent.)

Suppose a company has fixed costs of $4000 and variable costs per unit of x + 1160 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 16 x dollars per unit. 16 1300 - (a) Find the break-even points. (Enter your answers as a comma-separated list.) (b) Find the maximum revenue. (c) Form the profit function P(x) from the cost and revenue functions. P(x) = Find the maximum profit. %24 (d) What price will maximize the profit? (Round your answer to the nearest cent.)

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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