A company has established that the relationship between the sales price for one of its products and the quantity sold per month is approximately p=75-0.1D (D is the demand or quantity sold per month...


A company has established that the relationship between the sales price for one of its products and the quantity sold per month is approximately p=75-0.1D (D is the demand or quantity sold per month and p is the price in<br>dollars). The fixed cost is $1,000 per month and the variable cost is $30 per unit produced.<br>a. What is the maximum profit per month for this product?<br>b. What is the range of profitable demand during a month?<br>a. The maximum profit per month for this product is S (Round to the nearest dollar.)<br>b. The range of profitable demand during a month<br>from units to units. (Round up the lower limit and down the upper limit to the nearest whole number.)<br>

Extracted text: A company has established that the relationship between the sales price for one of its products and the quantity sold per month is approximately p=75-0.1D (D is the demand or quantity sold per month and p is the price in dollars). The fixed cost is $1,000 per month and the variable cost is $30 per unit produced. a. What is the maximum profit per month for this product? b. What is the range of profitable demand during a month? a. The maximum profit per month for this product is S (Round to the nearest dollar.) b. The range of profitable demand during a month from units to units. (Round up the lower limit and down the upper limit to the nearest whole number.)

Jun 11, 2022
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