A manufacturing company produces solar panels. The variable costs are $20 per unit and fixed costs a $10,875. The price demand relationship for this product is P= -0.25Q+ 250, where P is the unit sales price of the product and Q is the demand of solar panels. Given the following: Total cost = Fixed cost + Variable cost Revenue Demand × Price Profit= Revenue - Total cost • • 26. The equation that represent the total cost is: a. ($10,875+$20) Q b. $10,875 $20 Q c. $10,875 × $20 Q d. $10,875+$20 Q 27. The equation that represent the total revenue is:

A manufacturing company produces solar panels. The variable costs are $20 per unit and fixed costs a $10,875. The price demand relationship for this product is P= -0.25Q+ 250, where P is the unit sales price of the product and Q is the demand of solar panels. Given the following: Total cost = Fixed cost + Variable cost Revenue Demand × Price Profit= Revenue - Total cost • • 26. The equation that represent the total cost is: a. ($10,875+$20) Q b. $10,875 $20 Q c. $10,875 × $20 Q d. $10,875+$20 Q 27. The equation that represent the total revenue 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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