A company that manufactures automatic blowdown control valves (for applications where boilers are operated unsupervised for 24 to 36 hours) has fixed cost of P156053 per year and variable cost of P361 per valve. If the company expects to sell 12872 valves per year, then the selling price in order for the company to make a profit of P373367 per year is Round your answer to 2 decimal places.

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Proudction Costs
Section: Chapter Questions
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A company that manufactures automatic blowdown control valves (for applications where boilers are operated unsupervised for 24
to 36 hours) has fixed cost of $156053 per year and variable cost of $361 per valve. If the company expects to sell 12872 valves per
year, then the selling price in order for the company to make a profit of #373367 per year is
Round your answer to 2 decimal places.
Transcribed Image Text:A company that manufactures automatic blowdown control valves (for applications where boilers are operated unsupervised for 24 to 36 hours) has fixed cost of $156053 per year and variable cost of $361 per valve. If the company expects to sell 12872 valves per year, then the selling price in order for the company to make a profit of #373367 per year is Round your answer to 2 decimal places.
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