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Use the Sales information above to answer this question. Yaster Inc. expects to be able to produce and sell 3500 thingamabobs this year. Select the words or phrases that best describe the business outlook. • Yaster Inc. wi✓ [Select] on thingamabob • Next year, Yas [Select] thingamabob production in order to make a profit. experience a loss make a profit break even

Use the Sales information above to answer this question. Yaster Inc. expects to be able to produce and sell 3500 thingamabobs this year. Select the words or phrases that best describe the business outlook. • Yaster Inc. wi✓ [Select] on thingamabob • Next year, Yas [Select] thingamabob production in order to make a profit. experience a loss make a profit break even

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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cc4. 

a)What is the largest number of thingamabobs that can be produced and sold for Yaster Inc. to break even? 

                      thingamabobs.  Round to the nearest thingamabob.

b)How many thingamabobs should Yaster Inc. produce and sell in order to maximize profit?

                      thingamabobs.  Round to the nearest thingamabobs.

Thingamabob Sales Yaster Inc. is trying to enter the thingamabob market. The research department established the following price-demand, cost, and revenue functions: Price- p(x) = 57 1.14x demand function Cost |C(x) = 215 + 11x function Revenue |R(x) = xp(x) = x(57 — 1.14x) function where x is in thousands of thingamabobs and C(x) and R(x) are in thousands of dollars. The price p(x) is the price in dollars of one thingamabob when the demand is a thousand thingamabobs. All three functions have domain 1 ≤ x ≤ 50.
Transcribed Image Text:Thingamabob Sales Yaster Inc. is trying to enter the thingamabob market. The research department established the following price-demand, cost, and revenue functions: Price- p(x) = 57 1.14x demand function Cost |C(x) = 215 + 11x function Revenue |R(x) = xp(x) = x(57 — 1.14x) function where x is in thousands of thingamabobs and C(x) and R(x) are in thousands of dollars. The price p(x) is the price in dollars of one thingamabob when the demand is a thousand thingamabobs. All three functions have domain 1 ≤ x ≤ 50.
Use the Sales information above to answer this question. Yaster Inc. expects to be able to produce and sell 3500 thingamabobs this year. Select the words or phrases that best describe the business outlook. • Yaster Inc. wi✓ [Select] on thingamabob • Next year, Yas [Select] thingamabob production in order to make a profit. experience a loss make a profit break even
Transcribed Image Text:Use the Sales information above to answer this question. Yaster Inc. expects to be able to produce and sell 3500 thingamabobs this year. Select the words or phrases that best describe the business outlook. • Yaster Inc. wi✓ [Select] on thingamabob • Next year, Yas [Select] thingamabob production in order to make a profit. experience a loss make a profit break even
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