ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Solve question 1-62

he sites do you recommend?
1-62 A firm is planning to manufacture a new product. As
the selling price is increased, the quantity that can
be sold decreases. Numerically the sales department
estimates:
P = $475 – 0.25Q
uolo o A
aills where P=selling price per unit
Q=quantity sold per year
oing
II
mil
On the other hand, management estimates that
rdgin
the average unit cost of manufacturing and sell-
ing the product will decrease as the quantity sold
increases. They estimate
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Transcribed Image Text:he sites do you recommend? 1-62 A firm is planning to manufacture a new product. As the selling price is increased, the quantity that can be sold decreases. Numerically the sales department estimates: P = $475 – 0.25Q uolo o A aills where P=selling price per unit Q=quantity sold per year oing II mil On the other hand, management estimates that rdgin the average unit cost of manufacturing and sell- ing the product will decrease as the quantity sold increases. They estimate
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