Suppose that the price of a barrel of oil is $80 and interest rates remain at 8%. If a new technology is implemented in one of the wells and it costs $3,000,000. Calculated the estimated "profit" from outfitting one of our wells with this new technology.
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- Your last submission is used for your score. 1. Need Help? Read It عيمي Burnem Inc. manufactures thumb drives and sells them to a distributor. Burnem's total cost and total revenue (in dollars) for x thumb drives are given by the following equations. Total cost = 5x + 2240 and Total revenue = 10x How many thumb drives must Burnem sell to break even? x = thumb drives Using data from 2010 and projected to 2020, the population of the United Kingdom (y, in millions) can be approximated by the equation 10.0y 4.55x = 581 where x is the number of years after 2000.+ (a) What is the projected population in 2026? y = (b) In what year is the population predicted to be 67.2 million? Disposable income, the amount left after taxes have been paid, is one measure of the health of the economy. Using U.S. Energy Information Administration data for selected years from 2015 and projected to 2040, the U.S. real disposable income per capita (in dollars) can be approximated by the equation I 707.6t + 39,090…The Night Owl Restaurant generates sales of $1,000,000 a month with variable costs of 35%. The Kobe beef burger is one of the restaurants’ best selling menu items with a price of $13 and a food cost of 30%. The menu has 20 item and total sales average 20,000 menu items a month, of which 10% are Kobe beef burgers. What is the profit factor for the Kobe beef burger 1.20 0.56 0.49 1.50show solution An oil refinery produces one base type of crude oil. The total cost is given by the equation Total Cost, TC = 50,000+20.2D +0.0001D2. The sales price in dollars per barrel is 35. At what level of production in barrels/week is cost/barrel minimum? What is the minimum cost per barrel? What is the maximum weekly profit that the company can make? At what level of production is the maximum weekly profit attainable? and Over what range of production is profit possible? Express answers in whole numbers and write the numerical values only.
- A company produces and sells a consumer product and is ableto control the demand by varying the selling price. The approximate relationship between price and demand is p = 38+ (2,700/D) - (5000/D²) for D>1 The company is seeking to maximize its profit. The fixed cost is $1,000 and the variable cost is $ 40 per unit. What is the number of units that should be produced and sold each month to maximize profit? A 71 B 60 с 50 D 25A large company in the communication and publishing industry has quantified the relationship between the price of one of its products and the demand for this product as Price=160−0.02×Demand for an annual printing of this particular product. The fixed costs per year (i.e., per printing)=$47,000 and the variable cost per unit=$40. What is the maximum profit that can be achieved? What is the unit price at this point of optimal demand? Demand is not expected to be more than 4,000 units per year. The maximum profit that can be achieved is $? (Round to the nearest dollar.) The unit price at the point of optimal demand is $? per unit. A company produces and sells a consumer product and is able to control the demand for the product by varying the selling price. The approximate relationship between price and demand is p= 200-0.05D where p is the price per unit in dollars and D is the demand per month. The company is seeking to maximize its profit. The fixed cost is $15000 per month and the variable cost is $50 per unit. a. What is the number of units that should be produced and sold each month to maximize profit? b. What is the domain of profitable demand during a month? Show your spreadsheet.
- A company that produces cleaning products is considering a proposal to begin production of a new detergent that would cost $1 a bottle to make and distribute, and retail for $2.19 a bottle. Fixed cost for the operation would be $3000 a week. Assume that all output can be sold. (a) What would be the total cost, revenue and profit for a weeklyvolume of 10,000 bottles?An Electronic Company produces calculators. The fixed cost of producing calculators is 450,000. The variable cost of producing a calculator is 100. The company sells the calculators for 250. Given an annual volume of 50,000 calculators. Determine the units to produce to cover-up the fixed cost. Determine the profit at 50,000 volume of production. Determine the amount of sales to be generated in order for the firm not to incur any profit nor loss. If price increases to 400 all costs are the same, what is the new break-even units?E. A company is evaluating the profitability of a new product. The company must rent a space that will cost $50,000 a month, $25,000 a month in equipment rental, and monthly overhead cost of $20,000. It also costs $1000 in labor and $750 in materials to produce each unit. The company thinks the product will sell for $1975 each. How many units will the company need to produce and sell to break even? How many units will the company need to sell if it wants to earn profit of $10,000? Marlrot noo
- Q)Vegemite has been recently introduced to the Chinese market. It sells for the equivalent of $2 per jar, and costs $0.50 per jar to make. The company’s fixed costs are $20,000. How many jars of vegemite need to be sold to break even?A soap company sold 250,000 soaps for which the variable cost of manufacture was $4.20 per soap. Each soap contributes 30% of its revenue to fixed costs and profit. This year the company decided to give a price reduction of 5%. How many more soaps will the company have to sell at the 5% price reduction to earn the same profit.10. Smart Phones, Inc. buys one model of smartphone, paying $2370 per case of 20 phones. Find the asking price for each assuming a 40% markup on cost.