Explore BrainMass

Explore BrainMass

    Profit equation

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    The hockory Cabinet and furniture Company makes chairs. The fixed cost per month of making chairs is $7,500, and the variable cot per chair is $40. Price is related to demand according to the following linear equation.
    v=400-1.2p
    Develop the nonlinear profit for this company and determine the price that will maximize profit, the optimal volume, and the maximum profit per month.

    © BrainMass Inc. brainmass.com June 3, 2020, 9:21 pm ad1c9bdddf
    https://brainmass.com/business/business-math/hockory-cabinet-furniture-company-makes-chairs-178318

    Solution Summary

    The expert examines Hockory Cabinet and furniture Company making chairs.

    $2.19

    ADVERTISEMENT