Suppose that you can sell as much of a product (in integer units) as you like at $60 per unit. Your marginal cost (MC) for producing the qth unit is given by: MC=7qMC=7q This means that each unit costs more to produce than the previous one (e.g., the first unit costs 7*1, the second unit (by itself) costs 7*2, etc.). If fixed costs are $100, what is the profit at the optimal integer output level?
Suppose that you can sell as much of a product (in integer units) as you like at $60 per unit. Your marginal cost (MC) for producing the qth unit is given by:
This means that each unit costs more to produce than the previous one (e.g., the first unit costs 7*1, the second unit (by itself) costs 7*2, etc.).
If fixed costs are $100, what is the profit at the optimal integer output level?
Please specify your answer as an integer.
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TransTech sells its product for $150. Marginal cost is a constant $135 per unit and fixed costs are $24,375.
What is the breakeven quantity?
Please specify your answer as an integer.
What is the breakeven revenue?
Please specify your answer as an integer.
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