A product has a demand function defined by the relationship between the unit price, P, and quantity produced, D, where, P = $160 -0.03D. A vendor estimates he can produce this prodcut at avariable cost of $50 per unit and a fixed monthly cost of operation of $40,000. Determine the following:1. The monthly quantity of production that will maximize the total profit for the vendor, assuming that he can sell every unit produced.OA. 3,666OB. 917OC. 1,833O D. 2,6672. The average cost per unit at a production quantity of 521 units per month.OA. $76.87OB. $50.00OC. $126.78O D. $144.37

To determine:(a) the monthly quantity of production(b) average cost per unit at production of 521…

A product has a demand function defined by the relationship between the unit price, P, and quantity produced, D, where, P = $160 -0.03D. A vendor estimates he can produce this prodcut at a variable cost of $50 per unit and a fixed monthly cost of operation of $40,000. Determine the following: X 1. The monthly quantity of production that will maximize the total profit for the vendor, assuming that he can sell every unit produced. OA. 3,666 OB. 917 O C. 1,833 OD. 2,667 2. The average cost per unit at a production quantity of 521 units per month. OA. $76.87 OB. $50.00 OC. $126.78 OD. $144.37

A product has a demand function defined by the relationship between the unit price, P, and quantity produced, D, where, P = $160 -0.03D. A vendor estimates he can produce this prodcut at a variable cost of $50 per unit and a fixed monthly cost of operation of $40,000. Determine the following: X 1. The monthly quantity of production that will maximize the total profit for the vendor, assuming that he can sell every unit produced. OA. 3,666 OB. 917 O C. 1,833 OD. 2,667 2. The average cost per unit at a production quantity of 521 units per month. OA. $76.87 OB. $50.00 OC. $126.78 OD. $144.37

Elements Of Electromagnetics

7th Edition

ISBN:9780190698614

Author:Sadiku, Matthew N. O.

Publisher:Sadiku, Matthew N. O.

ChapterMA: Math Assessment

Section: Chapter Questions

Problem 1.1MA

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