Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
One company makes watches and delivers them in a wooden case. You buy each case for $ 58. The company is considering manufacturing the cases with a fixed cost of $ 3,360 and a variable cost of $ 46 per case.
a) How many cases must the company manufacture to be at a point of equilibrium?
b) What is the total cost of these kits?
Note: Establish the necessary equations and solve them, take as variable "x" the number of kits and as variable "y" the total cost
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