A trailer manufactor has multiple products designed to be towed by a pickup (Ford F-150, Toyota Tacoma etc). The production of one of their products - the XL7 5x10 trailer - referred to as XL7510 here, has a fixed 9 cost of $62,308 and a variable cost per unit of XL7510 equal to 202 + - dollars, where is the total 10 number of XL7510s produced. Suppose further that the selling price of this product is 1118 - dollars per unit of XL7510. 1 10 The x-values of the break-even points are The maximum revenue is Form the profit function: P(x) The maximum profit is The price that will maximize profit is dollars (round to the nearest cent) dollars (round to the nearest cent)

A trailer manufactor has multiple products designed to be towed by a pickup (Ford F-150, Toyota Tacoma etc). The production of one of their products - the XL7 5x10 trailer - referred to as XL7510 here, has a fixed 9 cost of $62,308 and a variable cost per unit of XL7510 equal to 202 + - dollars, where is the total 10 number of XL7510s produced. Suppose further that the selling price of this product is 1118 - dollars per unit of XL7510. 1 10 The x-values of the break-even points are The maximum revenue is Form the profit function: P(x) The maximum profit is The price that will maximize profit is dollars (round to the nearest cent) dollars (round to the nearest cent)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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