Suppose a company has fixed costs of $47,600 and variable cost per unit of +222 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1656-3x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) X= (b) Find the maximum revenue. (Round your answer to the nearest cent.) $ (c) Form the profit function P(x) from the cost and revenue functions. P(x) = Find maximum profit.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Suppose a company has fixed costs of $47,600 and variable cost per unit of ². +222 dollars, where x is the total number of
dollars per unit.
units produced. Suppose further that the selling price of its product is 1656-
(a) Find the break-even points. (Enter your answers as a comma-separated list.)
x=
(b) Find the maximum revenue. (Round your answer to the nearest cent.)
$
(c) Form the profit function P(x) from the cost and revenue functions.
P(x)
Find maximum profit.
(d) What price will maximize the profit? (Round your answer to the nearest cent.)
Transcribed Image Text:Suppose a company has fixed costs of $47,600 and variable cost per unit of ². +222 dollars, where x is the total number of dollars per unit. units produced. Suppose further that the selling price of its product is 1656- (a) Find the break-even points. (Enter your answers as a comma-separated list.) x= (b) Find the maximum revenue. (Round your answer to the nearest cent.) $ (c) Form the profit function P(x) from the cost and revenue functions. P(x) Find maximum profit. (d) What price will maximize the profit? (Round your answer to the nearest cent.)
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