1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
beks73 [17]
3 years ago
5

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 75 minus 0.1 Upper Dp=75−0.1D ​(D is the demand or quantity sold per month and p is the price in​ dollars). The fixed cost is ​$1 comma 0001,000 per month and the variable cost is ​$3030 per unit produced. a. What is the maximum profit per month for this​ product? b. What is the range of profitable demand during a​ month?
Business
1 answer:
Snezhnost [94]3 years ago
8 0

Answer:

Q = 450

P = 35

Explanation:

TR = P x Q = (75 - 0.1Q) x Q = -0.1Q2 + 75Q

Then, Cost = (30Q + 1,000)

Profit: Total revenue - C

-0.1q2 + 75Q - 30q - 1,000 = -0.1q2  + 45q - 1,000

as this is a quadratic function we identify a b c:

a= -0.1 b = 45 x = -1000

the profit maximum point is at the vertex:

-b/2a = -45/ 2(-0.1) = -45/-0.1 = 450

The profit maximize at Q = 450

P = 75 - 0.1x450 = 35

You might be interested in
Farrar Corporation has two major business segments-Consumer and Commercial. Data for the segment and for the company for March a
Aneli [31]

Answer:

The answer is "\$ 137,000"

Explanation:

Please find the complete question in the attached file.

Commercial sector contribution margin

=\$137,000

Margin per unit of contribution = sales price – Unit cost variables

Margin of Contributions = Revenue Sales - Fixed expenses

Aerospace industry variable costs

=\$280,000- \$143,000 =\$ 137,000

7 0
3 years ago
If an industry is perfectly competitive or monopolistically competitive, then the government has relatively little reason for co
aivan3 [116]
If an industry is perfectly competitive or monopolistically competitive, then the government has relatively little reason for concern about <span>the extent of competition. In a monopolistically </span>competitive market, products are differentiated by brand and quality but are not perfect substitutes due to this. Perfect competition is basically a theoretical market because the criteria to qualify has a perfect competitive market is hard to meet. The firms all set the price of their product and the market does not have any influence over it. 
8 0
3 years ago
Select the correct answer.
GrogVix [38]

Answer:

A

Explanation:

trust me it is

7 0
3 years ago
Forever Jewelers uses the perpetual inventory system. On April​ 2, Forever sold merchandise with a cost of $ 1 comma 500$1,500
Tema [17]

Answer:

Accounts Receivable $8,820

                   To Sales Revenue $8,820

Explanation:

The journal entry to record the sales revenue is shown below:

Accounts receivable A/c Dr $8,820

      To Sales revenue A/c $8,820

(Being merchandise sold on credit basis)

For recording this we debited the account receivable as it increased the assets and credited the sales revenue as it also increased the revenue

The computation of sales revenue is shown below:

= Sales revenue - discount

= $9,000 - $9,000 × 2%

= $9,000 - $180

= $8,820

This is the answer but the same is not provided in the given options

6 0
3 years ago
Name and briefly describe the three essential principles of test construction
Alika [10]
Three essential <span>principles of test construction are:
1. consistency. It refers  to the consistency </span><span>between the goal of the subject, course, and the methods of teaching goals. Also consistency between the methods and what the test measures. </span><span>
2. validity. Validity refers to t</span>he ability of a test to measure what it was designed to measure. It can be material od skill.
3. reliability. The <span>test must be constructed in such a way that it will produce reliable, consistent results .</span>
7 0
4 years ago
Other questions:
  • When a natural monopoly exists in a given industry, the per-unit costs of production will be?
    11·1 answer
  • Frec and dbpr have a primary interest in real estate activity with a common goal of:
    9·1 answer
  • For each of the following independent situations, prepare journal entries to record the initial transaction on December 31 and t
    8·1 answer
  • The New York Stock Exchange (NYSE) originated as: a financial market where nearly 100 million shares of stock are traded every b
    8·1 answer
  • Evaluate a. "If banks increase their excess reserves, the monetary base will increase. If the monetary base increases, the money
    14·1 answer
  • A machine purchased three years ago for $309,000 has a current book value using straight-line depreciation of $187,000; its oper
    14·2 answers
  • Coronado Industries is planning to sell 750000 units for $1.50 per unit. The contribution margin ratio is 20%. If Coronado will
    7·1 answer
  • g A manufacturing company that produces a single product has provided the following data concerning its most recent month of ope
    10·1 answer
  • A large group of fans are upset about the high price of tickets to many events. As a result of their lobbying efforts, a new law
    8·2 answers
  • A popular football player at a college who is able to influence the buying decisions of fans would best be described as a(n) ___
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!