Mathematics, 20.03.2020 17:05 malika61
Suppose you start your own business manufacturing and selling a product. Suppose that you are running this business out of your home, so you will consider the fixed costs to include your current rent and utilities. After consulting a financial advisor, you find out the following: (NOTE: Values for the quantities below are given in Blackboard, under MyGrades.)
• Your fixed cost is [F = 1100] dollars per month.
• Your variable cost is [V = 8.10 ] dollars per product.
• If the product is priced at [p1 = 14 ]dollars, you can make and sell [x1 = 364 ] units in a month.
• If the product is priced at [p2 = 33 ] dollars, you can make and sell [x2 = 98 ] units in a month.
Answers: 2
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