1. XYZ company’s marketing department recommends to manufacture and market a newe co-friendly and sustainable product. The financial department provides the following cost Php 6,000 is the estimated fixed costs and the estimated variable cost is Php 100 per unit. The revenue function is given with an equation of 150x - 0.005x2. Determine the following: a) the optimal demand and value (Php) b)The demand in unit and amount (Php) that will give highest revenue c) Break even points and range of profitability
1. XYZ company’s marketing department recommends to manufacture and market a newe co-friendly and sustainable product. The financial department provides the following cost Php 6,000 is the estimated fixed costs and the estimated variable cost is Php 100 per unit. The revenue function is given with an equation of 150x - 0.005x2. Determine the following: a) the optimal demand and value (Php) b)The demand in unit and amount (Php) that will give highest revenue c) Break even points and range of profitability
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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1. XYZ company’s marketing department recommends to manufacture and market a newe co-friendly and sustainable product. The financial department provides the following cost Php 6,000 is the estimated fixed costs and the estimated variable cost is Php 100 per unit. The revenue function is given with an equation of 150x - 0.005x2.
Determine the following:
a) the optimal demand and value (Php)
b)The demand in unit and amount (Php) that will give highest revenue
c) Break even points and range of profitability
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