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A manufacturing company produces solar panels. The variable costs are $20 per unit and fixed costs a $10,875. The price demand relationship for this product is P= -0.25Q+ 250, where P is the unit sales price of the product and Q is the demand of solar panels. Given the following: Total cost = Fixed cost + Variable cost Revenue Demand × Price Profit= Revenue - Total cost • • 26. The equation that represent the total cost is: a. ($10,875+$20) Q b. $10,875 $20 Q c. $10,875 × $20 Q d. $10,875+$20 Q 27. The equation that represent the total revenue is:

A manufacturing company produces solar panels. The variable costs are $20 per unit and fixed costs a $10,875. The price demand relationship for this product is P= -0.25Q+ 250, where P is the unit sales price of the product and Q is the demand of solar panels. Given the following: Total cost = Fixed cost + Variable cost Revenue Demand × Price Profit= Revenue - Total cost • • 26. The equation that represent the total cost is: a. ($10,875+$20) Q b. $10,875 $20 Q c. $10,875 × $20 Q d. $10,875+$20 Q 27. The equation that represent the total revenue is:

Survey Of Economics
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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A manufacturing company produces solar panels. The variable costs are $20 per unit and fixed costs are $10,875. The price demand relationship for this product is P=-0.25Q+ 250, where P is the unit sales price of the product and Q is the demand of solar panels. Given the following: • Total cost = Fixed cost + Variable cost • Revenue = Demand x Price • Profit = Revenue - Total cost 26. The equation that represent the total cost is: a. ($10,875+$20) Q b. $10,875-$20 Q c. $10,875 × $20 Q d. $10,875+$20 Q 27. The equation that represent the total revenue is: a. $0.25Q²+$250Q b. - $0.25Q²+$250Q c. - $0.25Q²-$250Q d. $0.25Q²-$250Q
Transcribed Image Text:A manufacturing company produces solar panels. The variable costs are $20 per unit and fixed costs are $10,875. The price demand relationship for this product is P=-0.25Q+ 250, where P is the unit sales price of the product and Q is the demand of solar panels. Given the following: • Total cost = Fixed cost + Variable cost • Revenue = Demand x Price • Profit = Revenue - Total cost 26. The equation that represent the total cost is: a. ($10,875+$20) Q b. $10,875-$20 Q c. $10,875 × $20 Q d. $10,875+$20 Q 27. The equation that represent the total revenue is: a. $0.25Q²+$250Q b. - $0.25Q²+$250Q c. - $0.25Q²-$250Q d. $0.25Q²-$250Q
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