From everyday questions to specialized queries, IDNLearn.com has the answers. Ask your questions and receive detailed and reliable answers from our experienced and knowledgeable community members.
A manufacturer has a monthly fixed cost of $70,000 and a product cost of $13 for each unit produced. The product sells for $20 per unit.
a) What is the profit function?
b) What is the marginal cost?
c) What is the profit on 2,000 units of products, and what can be concluded?
d) How many units should be sold to break-even?
e) Assuming the average cost Cav(X)= C(x)/X; If the manufacturer sold 15,000 units of the product, what was the average cost per unit?
Sagot :
We appreciate your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Thank you for visiting IDNLearn.com. We’re here to provide clear and concise answers, so visit us again soon.
