ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Quantitative Methods 1 At 600 cups of This Way drinks, the total cost is Gh 2300 and at 900 cups of This Way drink the total com is Gh 3200. If a cup of This Way drink is sold at Gh 5. If the maximum cups of This Way drinks produced daily is 1200 cups, find: 1. iii. iv. Cost function, Revenue and the profit functions Breakeven point. Describe what it means Construct the breakeven chart Margin of safety in terms of quantities and as a percentage of the total capacity
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Transcribed Image Text:Quantitative Methods 1 At 600 cups of This Way drinks, the total cost is Gh 2300 and at 900 cups of This Way drink the total com is Gh 3200. If a cup of This Way drink is sold at Gh 5. If the maximum cups of This Way drinks produced daily is 1200 cups, find: 1. iii. iv. Cost function, Revenue and the profit functions Breakeven point. Describe what it means Construct the breakeven chart Margin of safety in terms of quantities and as a percentage of the total capacity
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