The demand function for a manufacturer's product is D = 80 -3p , where D is the number of units and 'p' is the price per unit. The maximum revenue is __________.
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Engineering Economy
The demand function for a manufacturer's product is D = 80 -3p , where D is the number of units and 'p' is the price per unit. The maximum revenue is __________.
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- Calculate Total revenue is per unit price is $10 and output is 320A company makes and sells toasters. To make the toasters there is a fixed monthly cost of $27,000 and an additional production cost of $30 per toaster. The toasters sell for $75 each. (a) Write down the cost function. (b) Write down the revenue function. (c) Find the profit function. (d) Find the break even point. (e) How many toasters must the company sell to make a 15% profit?Calculate price per unit of table if total revenue is $6600 and the output sold is 30 units
- show calcIndicate How to calculate the unit production costThe figure shows graphs of the total cost function and the total revenue function for a commodity. (Assume cost and revenue are measured in dollars.) 500 400 300 200 100 میرا 10 20 30 (a) Label each function correctly. function A -Select- function B -Select- (b) Determine the fixed costs. (c) Locate the break-even point. A B 40 50 60 Determine the number of units sold to break even. units (d) Estimate the marginal cost MC and marginal revenue MR. MC = MR-