Suppose a company has fixed costs of $28,000 and variable cost per unit of a +222 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1250 dollars per unit. x - a) Find the break-even points. b) Find the maximum revenue. c) Form the profit function from the cost and revenue function and find maximum profit.

Suppose a company has fixed costs of $28,000 and variable cost per unit of a +222 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1250 dollars per unit. x - a) Find the break-even points. b) Find the maximum revenue. c) Form the profit function from the cost and revenue function and find maximum profit.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Plz solve all parts

+222
Suppose a company has fixed costs of $28,000 and variable cost per unit of
dollars, where x is the total number of units produced. Suppose further that the selling
price of its product is 1250 dollars per unit.
-
a) Find the break-even points.
b) Find the maximum revenue.
c) Form the profit function from the cost and revenue function and find maximum profit.
d) What price will maximize the profit?

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Step 3: Find the maximum revenue

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