Form the profit function from the cost and revenue function, Ask an Expert

Management Studies

Suppose a company has fixed costs of $28,000 and variable costs 2/5x+222 dollars per unit, where x is te total number of units produced. Suppose further that the selling price of its product is 1,250-3/5x dollar per unit.

a) Find the maximum revenue.

b) Form the profit function from the cost and revenue function and find maximum profit.

c) What price will maximize the profit

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M984244

Have any Question?Write your Review or question?

Related Questions in Business Management

Is google justified in using the search history of unaware

Is Google justified in using the search history of unaware customers to target them with ads? Take a stance and support your answers with actual examples.

What is the strategy of break talk are they succeeding or

What is the strategy of Break Talk? Are they succeeding or failing? Why?

Manny moe and jack have the following demand curves for

Manny, Moe and Jack have the following demand curves for pears: QManny = 100 - 2P = 70 - 2P + 10 Ppear + .25 YManny where P Pear = 2 and YManny = 40. QMoe = 300 - 4P = 80 - 4P + 35 Ppear + .75 YMoe where P Pear = 2 and Y ...

Some observers think the sony playstation attack was

Some observers think the Sony PlayStation attack was serious while the Ashley Madison hack was relatively insignificant. Do you agree?

1 in farmville there are 80 million people employed 20

1) In Farmville, there are 80 million people employed, 20 million unemployed and 60 million not in the labor force. a) What is the labor force and adult population? b) What is the labor force participation rate? c) What ...

Mentoring programs are an excellent way to stay on track

Mentoring programs are an excellent way to stay on track, understand that there is a plan and that you are not alone, as well as see the light at the end of the tunnel. But for many organizations, mentoring is not nearly ...

Compare and contrast the five file system options available

Compare and contrast the five file system options available in Windows Server 2012 R2, and discuss when you think it is appropriate to use each one.

Given the information in the table answer the following

Given the information in the table, answer the following questions. Year 2001 nominal GDP 500 Real GDP 400 Real interest rate 3% Year 2002 nominal GDP 545 Real GDP 420 Real interest rate 4% Year 2003 nominal GDP 620 Real ...

In global management perspective what do you think you

In global management perspective What do you think you could use in your work-related activities to help?

Clinical case analysis 1reason for visitchief complain

Clinical Case Analysis 1 Reason for visit/Chief Complain: 35 year-old woman who presents for a contraceptive management appointment. She is here for her annual visit and is requesting to refill her birth control pills. ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert