Maximizing profit. For Exercises 23-28, find the maximumprofit and the number of units that must be produced and soldin order to yield the maximum profit. Assume that revenue,R(x), and cost, C(x), are in dollars for Exercises 23-26.23. R(х) %3D 50х - 0.5x2, С(х) %3D 4x + 10С(х) %3D 10х + 324. R(x) = 50x - 0.5x2,25. R(x) = 2x, C(x) = 0.01x2 + 0.6x + 3026. R(x) = 5x, C(x) = 0.001x + 1.2x + 6027. R(x) = 9x - 2x2, C(x) = x - 3x2 + 4x + 1;assume that R(x) and C(x) are in thousands of dollars,and x is in thousands of units.28. R(x) = 100x – x², C(x) = x3 – 6x² + 89x + 100;assume that R(x) and C(x) are in thousands of dollars,and x is in thousands of units.

Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Answered: Maximizing profit. For Exercises 23-28,…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Assume a company expects to sell 6 million packages of Pop-Tarts Gone Nutty! in the first year after introduction but expects that 70 percent of those sales will come from buyers who would normally purchase existing Pop-Tart flavors (that is, cannibalized sales). The price for a package of Pop-Tarts Gone Nutty! is $1.30 and its variable cost is $0.65, when the price for a package of original Pop-Tart is $1.10 with variable cost of $0.30. Assuming the sales of regular Pop-Tarts are normally 300 million packages per year and that the company will incur an increase in fixed costs of $450,000 during the first year to launch Gone Nutty! will the new product be profitable for the company? Determine the unit contributions and the loss for every package cannibalized from the original product. (Round to the nearest cent.) Unit contribution original Pop-Tarts $ Pop-Tarts Gone Nutty! Loss for every package cannibalized S
R(x)= -0.956x^2 + 157x C(x)= 50.8x + 73.4 P(x)= R(x) - C(x) P(x)= -0.956x^2 + 106.2x - 73.4 What are the break-even points? What is the profit at the break-even points? What number of widgets sold will yield positive profit? Determine the number of widgets that you should try to sell in order to maximize profit. What is the maximum profit?
Assume that the unit cost for a pair of levi jeans is $10 and that levi's desired markup on cost is 90%. Further, assume that jc penny's desired markup on cost is 75%. The correct formula for determining levi's desired markip on cost is: a. 10(.10) b. 19(.25) c. 10(.90) d. 19(.75) e. cannot determine with the information given
Average Total Cost ($ per tablet) Q=400 Number of Factories Q=100 Q=200 Q=300 Q=500 Q=600 1 400 300 200 240 300 720 540 350 180 160 250 540 3 720 400 170 160 200 360 The company, Peleton is a major manufacturer of indoor exercise trainers. Currently the company produces trainers using only one factory. However it is considering expanding production to two or even three factories. The table above shows the company's short-run average total cost (SRATC) each month for various levels of production if it uses one, two, or three factories. (Note: Q equals the total quantity of trainers produced by all factories.) Refer to the table. Which of the following is NOT true about the long- run averáge cost curve of Peleton's trainers? Peleton experiences diseconomies of scale at any quantity over 400 trainers. The long-run average total cost of production per trainer will be $170 when 300 trainers are produced in the long run. Peleton experiences diseconomies of scale at any quantity less than 400…
Fast please with steps
You manufacture ceramic lawn ornaments. After several months your accountant tells you that your profit P(n) can be modeled by the function P(n)= -0.002n^2+5.2n-1208 where n is number of ornaments sold each month. A) How many ornaments must you make and sell to break even. B) How many ornaments must you make and sell to maximize profit. C) What is the maximum profit. D) How many ornaments must you make and sell in order to earn a profit of $1657.
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Thranduil company’s market research department is working on the pricing of a product. The field research shows that average demand is expected to be 8000 units at price 50 TL. From this point, each 1 TL change in price will negatively affect demand with a magnitude of 100 units. Fixed and variable costs are confronted for producing the product. According to the information obtained from the financial department, 200,000 TL is the estimate of fixed costs and 20 TL is the estimate of variable costs per unit produced. Assume that all units produced are sold.Which of the following prices is the one that maximizes the company's profit?
Please answer question 6 with details on how to do it. Thank you.
Manager: If I can reduce my costs by $40,000 during this last quarter, my division will show a profit that is 10% above the planned level, and I will receive a $10,000 bonus. However, given the projections for the fourth quarter, it does not look promising. I really need that $10,000. I know of one way that I can qualify. All I have to do is lay off my three most expensive sales-people. After all, most of the orders are in for the fourth quarter, I can always hire new sales at the beginning of the next year. personnel Guide questions: 1. What is the right choice for the manager to make? 2. Why did the ethical dilemma arise? 3. Is there any way to redesign the accounting reporting system to discourage the type of behavior that the manager is contemplating?

Recommended textbooks for you

ENGR.ECONOMIC ANALYSIS

Economics

ISBN:

9780190931919

Author:

NEWNAN

Publisher:

Oxford University Press

Principles of Economics (12th Edition)

Economics

ISBN:

9780134078779

Author:

Karl E. Case, Ray C. Fair, Sharon E. Oster

Publisher:

PEARSON

Engineering Economy (17th Edition)

Economics

ISBN:

9780134870069

Author:

William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

Publisher:

PEARSON

ENGR.ECONOMIC ANALYSIS

Economics

ISBN:

9780190931919

Author:

NEWNAN

Publisher:

Oxford University Press

Principles of Economics (12th Edition)

Economics

ISBN:

9780134078779

Author:

Karl E. Case, Ray C. Fair, Sharon E. Oster

Publisher:

PEARSON

Engineering Economy (17th Edition)

Economics

ISBN:

9780134870069

Author:

William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

Publisher:

PEARSON

Principles of Economics (MindTap Course List)

Economics

ISBN:

9781305585126

Author:

N. Gregory Mankiw

Publisher:

Cengage Learning

Managerial Economics: A Problem Solving Approach

Economics

ISBN:

9781337106665

Author:

Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:

Cengage Learning

Managerial Economics & Business Strategy (Mcgraw-…

Economics

ISBN:

9781259290619

Author:

Michael Baye, Jeff Prince

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS