A lash adjuster keeps pressure constant on engine valves, thereby increasing fuel efficiency in automobile engines. The relationship between price (p) and monthly demand (D) for lash adjusters made by the Wicks Company is given by this equation: D= (2,000-p)/0.10. What is the demand (D) when total revenue is maximized? What important data are needed if maximum profit is desired? C The total revenue is maximized when demand is units per month. (Round to the nearest whole number.) Select all important data that are needed if maximum profit is desired. A. Variable cost per engine valve. B. Variable cost per gallon of fuel. C. Variable cost per lash adjuster. D. Fixed cost per month.

A lash adjuster keeps pressure constant on engine valves, thereby increasing fuel efficiency in automobile engines. The relationship between price (p) and monthly demand (D) for lash adjusters made by the Wicks Company is given by this equation: D= (2,000-p)/0.10. What is the demand (D) when total revenue is maximized? What important data are needed if maximum profit is desired? C The total revenue is maximized when demand is units per month. (Round to the nearest whole number.) Select all important data that are needed if maximum profit is desired. A. Variable cost per engine valve. B. Variable cost per gallon of fuel. C. Variable cost per lash adjuster. D. Fixed cost per month.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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