The owner of old -Fashioned Berry Pies, S. Simon, is contemplating adding a new line of pies, which will require leasing new equipment for a monthly payment of S5500. variable cost per pie would be $3 and pies would retail for $8 each. i) Write down the cost, revenue and profit function. i1) How many pies must be sold in order to break even? 111) What would be the profit if 900 pies are made and sold in a month? iv) How many pies must be sold to realize a profit of $3500?

The owner of old -Fashioned Berry Pies, S. Simon, is contemplating adding a new line of pies, which will require leasing new equipment for a monthly payment of S5500. variable cost per pie would be $3 and pies would retail for $8 each. i) Write down the cost, revenue and profit function. i1) How many pies must be sold in order to break even? 111) What would be the profit if 900 pies are made and sold in a month? iv) How many pies must be sold to realize a profit of $3500?

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter19: Pricing Concepts

Section: Chapter Questions

Problem 6DRQ

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