An online stock trading firm has a fixed cost of$1700 and a variable cost of $6.5x, where x is thenumber of clients that suscribe to the firm's tradingservice. If the firm has 170 clients, what is thelowest price it can charge each client withoutpushing total revenue below cost?$12.5$10.5$16.5$20

To solve thus question, go with Options These Options are Wrong because, A)-- At price $12.5 Total…

$1700 and a variable cost of $6.5x, where x is number of clients that suscribe to the firm's tra service. If the firm has 170 clients, what is the lowest price it can charge each client without pushing total revenue below cost? $12.5

$1700 and a variable cost of $6.5x, where x is number of clients that suscribe to the firm's tra service. If the firm has 170 clients, what is the lowest price it can charge each client without pushing total revenue below cost? $12.5

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

A firm operating with average revenue $100 and producing total 10 phones. How would I calculate total revenue of the firm?
For distract driving
The cost, in dollars, to produce x designer dog leashes is C(x) R(x) 7x + 10, and the revenue function, in dollars, is - 3x? + 55x - Find the profit function. P(x) = -322 + 48x – 10 Find the number of leashes which need to be sold to maximize the profit. 8. Select an answer Find the maximum profit. 182 Select an answer > Find the price to charge per leash to maximize profit. Select an answer > V Select an answer What would be the be much for a leash? dogs too much money for a lea leashes dollars
this table is tricky
Country Motorbikes Incorporated finds that it costs $400 to produce each motorbike, and that fixed costs are $1300 per day. The price function is p(x)= 700-5x, where p the price (in dollars) at which exactly x motorbikes will be sold. Find the quantity Country Motorbikes should produce and the price it should charge to maximize profit. Also find the maximum profit. 40 quantity price profit motorbikes Enter a number.
A hair salon offers three services: haircuts, color treatments, and styling. The salon charges $35 for a cut, $65 for a color treatment, and $30 for styling. Last month, the salon sold 68 haircuts, 34 color treatments, and 22 styling sessions. If the salon s costs for the month totaled $2,844, what was its profit? $2,407 $2,406 $2,408 $2,409
A demand of 230 banquet attendees can be expected at a dinner plate price of $80.00 each. A demand of 370 banquet attendees can be expected at a dinner plate price of $45.00 each. Catering Service A has a fixed cost of $1,800 and a marginal cost of $30 for each plate. Catering Service B has a fixed cost of $2,500 and a marginal cost of $22 for each plate. Costs for both caterers include the food, drinks, plates, utensils, tablecloths, glasses, crew, and cleanup. Dinner plates will only be sold as an entire unit. To justify company resources and to ensure the event will benefit the charity, the CEO insists the tickets be sold for no less than $40. All profits will go toward a charity of the committee's choosing. Additional spontaneous donation to the charity will be accepted the night of the banquet. Studies estimate that 5% will give $5, 23% will give $20, 18% will give $50, 7% will give $100, and 2% will give $500. Find the Profit function, P(x) , for each of the two possible…
What is the profit maximizing level of output and how much daily profit will the producer below earn if the price of pizza is $0.50 per slice? See the attachment for graph.
A manager must decide how many machines of a certain type to purchase. Each machine can process 100 customers per day. One machine will result in a fixed cost of $2,200 per day, while two machines will result in a fixed cost of $3,700 per day. Variable costs will be $20 per customer, and revenue will be $45 per customer. a. Determine the break-even point for each range. (Round your answers to the next whole number.) One machine Two machines b. If estimated demand is 90 to 120 customers per day, how many machines should be purchased?
Explain two advantages and two disadvantages of using an in-house or private trucking service.