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Paraphin [41]
3 years ago
6

Last year, a toy manufacturer introduced a new toy truck that was a huge success. The company invested $2.50 million in a plasti

c injection molding machine (which can be sold for $2 million immediately) and $300,000 in plastic injection molds specifically for the toy (not valuable to anyone else). The cost of labor and materials necessary to make each truck runs about $10. This year, a competitor has developed a similar toy, significantly reducing demand for the toy truck. Now, the original manufacturer is deciding whether it should continue production of the toy truck. If the estimated demand is 100,000 trucks, the break-even price is $ per truck.
Business
1 answer:
aev [14]3 years ago
8 0

Answer:

P= 18

Explanation:

Giving the following information:

Fixed costs= 2,500,000 + 300,000= 2,800,000

Variable costs= 10 per unit

Estimated demand= 100,000 units

Break-even point= fixed costs/(P - variable cost)

100,000= 2800000/(P - 10)

100000*(P - 10)= 2,800,000

100000*P - 1,000,000= 2,800,000

100000P=1,800,000

P= 18

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Answer:

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Explanation:

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3 years ago
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A waiter believes the distribution of his tips has a model that is slightly skewed to the left​, with a mean of ​$8.90 and a sta
postnew [5]

Answer:

A. 0.3204    B. $14.669

Explanation:

Mean = 8.9      SD = 4.5

Required probability = P (X >/= 550/50)

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P(X>/=11) = 1 - P(Z < 0.4666667)

Using Excel NORMDIST(0.4666667,0,1,1)

P(X>/=11) = 1 - 0.6796 = 0.3204

The probability that she will earn at least $550 = 0.3204

b. P ( X  >  x )  =  0.10

1  −  P ( X  −  mean)/SD  ≤  (x  −  mean) /SD = 0.10

P ( Z  ≤  z )  =  0.90

Where,

z  =  (x  −  mean )/SD

Excel function for the value of z:

=NORMSINV(0.9)

=1.282

Hence (x - mean)/SD = 1.282

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x = (1.282*4.5) + 8.9

x = 14.669

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3 0
3 years ago
The government has granted a patent to a pharmaceutical company for an experimental AIDS drug. That company is the only firm per
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inn [45]

Answer:

Decreases by 50 percent

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