Suppose a company has fixed costs of $53,200 and variable cost per unit of 1/3x + 444 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 2372 − 2/3x dollars per unit.   (a) Find the break-even points. (Enter your answers as a comma-separated list.) x =     (b) Find the maximum revenue. (Round your answer to the nearest cent.) $ (c) Form the profit function P(x) from the cost and revenue functions. P(x) =     Find maximum profit. $ (d) What price will maximize the profit? (Round your answer to the nearest cent.) $

Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter7: Economies Of Scale And Scope
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Suppose a company has fixed costs of $53,200 and variable cost per unit of 1/3x + 444 dollars,

where x is the total number of units produced. Suppose further that the selling price of its product is

2372 − 2/3x dollars per unit.
 
(a) Find the break-even points. (Enter your answers as a comma-separated list.)
x =
 
 


(b) Find the maximum revenue. (Round your answer to the nearest cent.)
$

(c) Form the profit function P(x) from the cost and revenue functions.
P(x) =
 
 


Find maximum profit.
$

(d) What price will maximize the profit? (Round your answer to the nearest cent.)
$
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