Suppose a company has fixed costs of $600 and variable costs per unit of x + 1130 dollars, where x is the total number of units produced. Suppose further that the selling price of its 8 1 product is 1200 x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) x= 10,60 (b) Find the maximum revenue. $ 2880000 (c) Form the profit function P(x) from the cost and revenue functions. P(x) = 200x-²)-(600 +² +1130x) Find the maximum profit. $ 625 (d) What price will maximize the profit? (Round your answer to the nearest cent.) $ 35

Suppose a company has fixed costs of $600 and variable costs per unit of x + 1130 dollars, where x is the total number of units produced. Suppose further that the selling price of its 8 1 product is 1200 x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) x= 10,60 (b) Find the maximum revenue. $ 2880000 (c) Form the profit function P(x) from the cost and revenue functions. P(x) = 200x-²)-(600 +² +1130x) Find the maximum profit. $ 625 (d) What price will maximize the profit? (Round your answer to the nearest cent.) $ 35

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter7: Economies Of Scale And Scope

Section: Chapter Questions

Problem 8MC

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