A company sells one of the items in its product line for $8.90 each. The variable costs per unit is $3.90, and the associated fixed costs per week are $2,200. If the total revenue is $9,434 per week, then determine each of the following quantities: (1) The weekly level of output (n), that is the number of items produced and sold, is units. (2) The total variable costs (TVC) per week is $ (3) The net income (NI) per week is $ (4) The break-even volume (BE) per week is even volume is not an integer, round up to the next integer.) units. (Hint: If the break- (5) The break-even revenue (TRBE) per week, rounded to the nearest cent, is $

A company sells one of the items in its product line for $8.90 each. The variable costs per unit is $3.90, and the associated fixed costs per week are $2,200. If the total revenue is $9,434 per week, then determine each of the following quantities: (1) The weekly level of output (n), that is the number of items produced and sold, is units. (2) The total variable costs (TVC) per week is $ (3) The net income (NI) per week is $ (4) The break-even volume (BE) per week is even volume is not an integer, round up to the next integer.) units. (Hint: If the break- (5) The break-even revenue (TRBE) per week, rounded to the nearest cent, is $

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A company sells one of the items in its product line for $8.90 each. The variable costs
per unit is $3.90, and the associated fixed costs per week are $2,200. If the total
revenue is $9,434 per week, then determine each of the following quantities:
(1) The weekly level of output (n), that is the number of items produced and sold, is
units.
(2) The total variable costs (TVC) per week is $
(3) The net income (NI) per week is $
(4) The break-even volume (nBE) per week is
even volume is not an integer, round up to the next integer.)
units. (Hint: If the break-
(5) The break-even revenue (TRBE) per week, rounded to the nearest cent, is $

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