A company has established that the relationship between the sales price for one of its...

50.1K

Verified Solution

Question

Accounting

A company has established that the relationship between the sales price for one of its products and the quantity sold per month is approximately p= 75 - 0. 1D (D is the demand or quantity sold per month and p is the price in dollars). The fixed
cost is $1,000 per month and the variable cost is $30 per unit produced.
a. What is the maximum profit per month for this product?
b. What is the range of profitable demand during a month?
a. The maximum profit per month for this product is $?. (Round to the nearest dollar.)
b. The range of profitable demand during a month is from ? units to units ? (Round up the lower limit and down the upper limit to the nearest whole number.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students