Production has indicated that they can produce widgets at a cost of $7.00 each if they lease new equipment at a cost of $17,500. Marketing has estimated the number of units they can sell at a number of prices (shown below). Which of the below is the price and volume option will allow the firm to avoid losing money on this project? (Show how this was derived.)   4,300 units at $11.00 each. 1,500 units at $18.50 each. 1,900 units at $16.00 each. 1,200 units at $21.00 each. 2,700 units at $13.50 each.

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter10: Inequalities
Section10.3: Solving Problems Involving Inequalities
Problem 14P
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Production has indicated that they can produce widgets at a cost of $7.00 each if they lease new equipment at a cost of $17,500. Marketing has estimated the number of units they can sell at a number of prices (shown below). Which of the below is the price and volume option will allow the firm to avoid losing money on this project? (Show how this was derived.)

 

  • 4,300 units at $11.00 each.
  • 1,500 units at $18.50 each.
  • 1,900 units at $16.00 each.
  • 1,200 units at $21.00 each.
  • 2,700 units at $13.50 each.

 

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