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AysviL [449]
3 years ago
15

A company has established that the relationship between the sales price for one of its products and the quantity sold per month

is approximately p equals 70 minus 0.1 Upper Dp=70−0.1D ​(D is the demand or quantity sold per month and p is the price in​ dollars). The fixed cost is ​$1 comma 5001,500 per month and the variable cost is ​$3535 per unit produced. a. What is the maximum profit per month for this​ product?
Business
1 answer:
Vilka [71]3 years ago
8 0

Answer:

max profit at MR = MC  is 1,562.5 dollars

Explanation:

we need to solve for the point at which MR = MC

First we calculate marginal revenue, the revenue generate from an additional units which, is the slope of the revenue function

p = 70 - 0.1Q

total revenue = (70 - 0.1Q)Q = -0.1Q^2 + 70Q

dR/dq= -0.2q + 70

Then we do the same for marginal cost, the cost to produce another unit:

total cost: 1,500 + 35 Q

dC/dq = 35

Now we equalize and solve:

-0.2q + 70 = 35

70 - 35=0.2q

35/0.2 = q = 175

p = 70 - 0.1 (175) = 70 - 17.5 = 52.5

52.5Q - 1,500 - 35Q = profit

52.5 x 175 - 1500 - 35 x 175 = profit

profit = 1562.5

if we calcualte for one up or down:

Q = 174 then profit = 1562.4

Q = 176 then profit = 1562.4

This profit is lower than our maximize point, so we agree this is the max point.

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Vsevolod [243]

Answer:

Labour rate variance

= (Standard rate - Actual rate) x Actual hours worked

= ($12 - $13) x 320,000 hours

= $320,000(U)

The correct answer is C

Explanation:

Labour rate variance is the difference between standard labour rate and actual labour rate multiplied by actual labour hours worked.

7 0
3 years ago
Tax preparation software can help prepare and file your
madreJ [45]

<u>Tax preparation software</u> can help prepare and file your taxes by " <u>posing questions to collect the necessary information."</u>

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There are various types of tax preparation software, some of which include the following:

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Hence, in this case, it is concluded that the correct answer is option B. "<u>posing</u><u> </u><u>questions to collect the necessary information."</u>

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3 0
2 years ago
Best Reinsurers assumes, under a treaty, all homeowners and personal auto business underwritten by Aurora Insurance Company. On
Fofino [41]

Answer: C. Purchase facultative reinsurance and write the policy

Explanation:

The options are:.

A. Purchase another treaty and write the policy

B. Decline the business for reinsurance reasons

C. Purchase facultative reinsurance and write the policy

D. Cede the policy to the existing treaty if the risk is acceptable

Based on the information given, we should note that in a case whereby an application is submitted for a home which falls within the directive and Aurora does not wish to retain the entire risk, the best method of handling this submission will be to buy a facultative reinsurance and then write the policy.

A facultative reinsurance is the coverage that is bought by a primary insurer in order to cover a particular risk. Hence, it'll be used to cover the single risk in this case.

5 0
3 years ago
Which of these would be considered the most expensive form of advertisement? A. Newspaper ad B. Radio ad c. Television ad D. Web
Firdavs [7]

Television or radio ad

6 0
2 years ago
Steve and Stephanie Pratt purchased a home in Spokane, Washington, for $575,000. They moved into the home on February 1 of year
Julli [10]

Answer:

Steve and Stephanie Pratt

a. The amount of gain on the sale of the home that the Pratts are required to include in their taxable income is:

= $352,500

b. The amount of gain on the sale of the home that the Pratts are required to include in their taxable income is:

= $352,500

c. The amount of gain on the sale of the home that the Pratts are required to include in their taxable income is:

= $352,500

d. The amount of gain on the sale of the home that the Pratts are required to include in their taxable income is:

= $352,500

Explanation:

a) Data and Calculations:

Initial purchase cost of a home in Spokane = $575,000

Selling price of the home on June 30 of Year 5 = $927,500

Recognized gains = Selling price of the home Minus Initial Purchase Cost

= $352,500 ($927,500 - $575,000)

8 0
2 years ago
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