cc4. a)What is the largest number of thingamabobs that can be produced and sold for Yaster Inc. to break even? thingamabobs. Round to the nearest thingamabob.b)How many thingamabobs should Yaster Inc. produce and sell in order to maximize profit? thingamabobs. Round to the nearest thingamabobs. Thingamabob SalesYaster Inc. is trying to enter the thingamabob market. Theresearch department established the following price-demand,cost, and revenue functions:Price-p(x) = 57 1.14xdemandfunctionCost|C(x) = 215 + 11xfunctionRevenue|R(x) = xp(x) = x(57 — 1.14x)functionwhere x is in thousands of thingamabobs and C(x) and R(x)are in thousands of dollars. The price p(x) is the price in dollarsof one thingamabob when the demand is a thousandthingamabobs. All three functions have domain 1 ≤ x ≤ 50. Use the Sales information above to answer this question.Yaster Inc. expects to be able to produce and sell 3500thingamabobs this year. Select the words or phrases that bestdescribe the business outlook.• Yaster Inc. wi✓ [Select]onthingamabob• Next year, Yas[Select]thingamabob production inorder to make a profit.experience a lossmake a profitbreak even

PLEASE FIND THE ANSWER BELOW. BREAK-EVEN: Break-even analysis is useful in determining the level…

Use the Sales information above to answer this question. Yaster Inc. expects to be able to produce and sell 3500 thingamabobs this year. Select the words or phrases that best describe the business outlook. • Yaster Inc. wi✓ [Select] on thingamabob • Next year, Yas [Select] thingamabob production in order to make a profit. experience a loss make a profit break even

Use the Sales information above to answer this question. Yaster Inc. expects to be able to produce and sell 3500 thingamabobs this year. Select the words or phrases that best describe the business outlook. • Yaster Inc. wi✓ [Select] on thingamabob • Next year, Yas [Select] thingamabob production in order to make a profit. experience a loss make a profit break even

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter11: Price And Output Determination: Monopoly And Dominant Firms

Section: Chapter Questions

Problem 3E

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