Solve the problem.19) A company manufactures two ballpoint pens, silver and gold. The silver requires 3 min in agrinder and 4 min in a bonder. The gold requires 3 min in a grinder and 8 min in a bonder. Thegrinder can be run no more than 87 hours per week and the bonder no more than 51 hours perweek. The company makes a $8 profit on each silver pen sold and $12 on each gold. How many ofeach type should be made each week to maximize profits?A) Silver pens: 0Gold pens: 381C) Silver pens: 1359Gold pens: 381B) Silver pens: 1Gold pens: 382D) Silver pens: 382Gold pens: 1359

Let x,y denote, respectively, the number of silver and gold pens the company manufactures in a week.…

company manufactures two ballpoint pens, silver and gold. The silver requires 3 min in a 19) grinder and 4 min in a bonder. The gold requires 3 min in a grinder and 8 min in a bonder. grinder can be run no more than 87 hours per week and the bonder no more than 51 hours week. The company makes a $8 profit on each silver pen sold and $12 on each gold. How ma each type should be made each week to maximize profits? A) Silver pens: 0 Gold pens: 381 C) Silver pens: 1359 B) Silver pens: Gold pens: 382 D) Silver pens: 382 Gold pens: 1359 1

company manufactures two ballpoint pens, silver and gold. The silver requires 3 min in a 19) grinder and 4 min in a bonder. The gold requires 3 min in a grinder and 8 min in a bonder. grinder can be run no more than 87 hours per week and the bonder no more than 51 hours week. The company makes a $8 profit on each silver pen sold and $12 on each gold. How ma each type should be made each week to maximize profits? A) Silver pens: 0 Gold pens: 381 C) Silver pens: 1359 B) Silver pens: Gold pens: 382 D) Silver pens: 382 Gold pens: 1359 1

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 5PA

See similar textbooks

Similar questions

5. El Sol Inc. produces beach towels. The cost of each towel is $ 4.00 and it sells for $ 10.00 after the markup on its cost. Similar towels sell for $ 8.00. How much should each towel cost you to be able to adjust to the market price and keep your profit margin?
2) You are the chief financial officer for a firm that sells digital music players. Your firm has the following average-total-cost schedule: Total Cost $300 301 Quantity Average 600 players 601 Your current level of production is 600 devices, all of which have been sold. Someone calls, desperate to buy one of your music players. The caller offers you $550 for it. Should you accept the offer? Why or why not?
X 1 ences If the price of oats is $3.0 per kilo, calculate the total revenue and the total profit (or loss) at the quantities shown in below table. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Leave no cells blank - be certain to enter "0" wherever required. Mc Graw Hill Quantity (kilos) Total revenue Total cost Total profit $ 600 1800 $1,900 700 2100 $2,000 $ 800 2400 $2,400
Nicole purchased a new printing machine and started a small printing shop. As per her calculations, to earn revenue of $6,000 per month, she needs to sell printouts of 27,000 sheets per month. The printing machine has a capacity of printing 35,300 sheets per month, the variable costs are $0.03 per sheet, and the fixed costs are $2,200 per month. a. Calculate the selling price of each printout. Round to the nearest cent b. If they reduce fixed costs by $310 per month, calculate the new break-even volume per month. Round up to the next whole number c. Calculate the new break-even volume as a percent of capacity. ↑ % →
8. A publisher plans to sell 200,000 copies of textbook in a year. If it costs $3750 to set up a printing, $3 to print a book and $600 to store 1000 books for a year, what size printing runs will minimize the publisher's cost?
曲 Takvim Kontrol paneli Site ana sayfası Nişanlar Tüm dersler Course dashboard Soru 19 SCENARIO 1: You are the owner and only employee of a company that writes computer software that is used by gamblers to collect sports data. Last year you earned a total revenue of $90,000. Your costs for equipment, rent, and supplies were $60,000. To start this business you invested an amount of your own capital that could pay you a return of $40,000 a year. Henüz cevaplanmadı 4 üzerinden işaretlenmiş Refer to Scenario 1 Your accounting profit last year was P Soruyu işaretle Lütfen birini seçin: O A. $ 20000 O B. $ 10000 O C$ 30000 O D.$ 50000 O E. $ 60000 ÖNCEKİ SAYFA SONRAKİ SAYFA P Aramak için buraya yazın 立
Σ 市 T F. apter 12 Saved Help Assume that the most efficient production technology available for making vitamin pills has the cost structure given in the following table. Note that output is measured as the number of bottles of vitamins produced per day and that costs include a normal profit. Output 50,800 $170,000 $0.60 100,800 220,000 1.10 150,800 257,500 1.71 200,800 365,500 2.45 Instructions: Enter your answers rounded to two decimal places. a. What is ATC per unit for each level of output listed in the table? Enter your answers in the table above. b. Are there economies of scale in production? (Click to select) v c. Suppose that the market price for a bottle of vitamins is $1.71. At that price the total market quantity demanded is 301,600,000 bottles. How many firms will be in this industry? firm(s) < Prev 6 of 8 68°F Mostly clear e here to search 查。 Profile Ball®1.0 F6 F4 F3 F2 F1 %23 $4 8. 4. 5. 3. B.
You set up a business making and selling books. The average hardcover book sells for $20 and the average paperback sells for $15. On average, a hardcover book costs $5 to make and a paperback costs $3 to make. If you can only spend $450 per day on books and you need to make at least 100 books per day, how many of each type should you make to maximize profit? a) 150 paperback, 0 hardcover 80 paperback, 60 hardcover 25 paperback, 75 hardcover O paperback, 100 hardcover Answer is not there e)
3. M&S company is wishing to determine the EOQ for their company. M runs a men's clothing line. While S needs to buy 12,000 shirts per year to fulfill demand (D). He incurs a setup cost of $100 (S) and a holding fee (H) of $16 per shirt. Kindly help them to know their EOQ.
Confused on what to do for the graphs
Completely lost please work out both parts
4) A company produces radios which it sells for $33 each. There are fixed costs of $27,000 each month and marginal costs of $15 per radio. How many radios must be produced and sold per month to make a profit of $1800?