The ABC Company is planning an aggressive new pricing strategy that offers its product to wholesalers at $75 per unit. While the goal is to expand sales, rather than necessarily maximize profits in the short term, it is critical that the company maintain a positive operating profit, since it cannot raise any more debt in the immediate future. Your manager would like to get a better sense of how realistic it is to recover variable costs at a price of $75, given the cost function C=45Q+3Q². How many units must the firm sell so that the average variable cost exactly equals the price of $757 O 10 0.25 0 50 150

Suppose the company lacks confidence in the accuracy of cost estimates expressed in a cubic equation and simply wants to use a linear approximation. Suggest a linear representation of this cubic equation. What difference would it make on the recommended profit-maximizing and revenue-maximizing prices

Please find the attached question

Your firm is considering adding a product line. The accounting department has determined that the cost function for this new product will be C(x) = 20x +4840 and the revenue function will be R(x) = 60x, where is the number of units sold. Additionally, the sales department has determined that you reasonably can expect to sell around 80 units. You must decide whether to go ahead with the new product line. Find the break-even quantity: Find the profit function: P(x) = Make your decision: O Cancel the product line: the quantity needed to break even is more than our firm can reasonably expect to sell. O Cancel the product line: producing these products is not profitable. O Proceed with the product line: the products are profitable and we can reasonably expect to meet our break-even quantity.