Total profit
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Night Timers Co. manufactures glow-in-the dark products in 10 ft. rolls. At present the company's maximum production capacity is 140,000 rolls per year. The cost is described as: C= $50,000 + 0.25 Q. The company seeks a price that maximizes profit & believe they should be able to sell at least 125,000 rolls of product per year. The demand forecast for the product is: Q= 350,000 - 200,000P.
Calculate the following, assuming that the company maximizes profit:
a. quantity
b. price
c. total cost
d. total revenue
e. total profit
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Solution Summary
The expert determines the total profit for Night Timers Co. How to maximize profit is given.
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Night Timers Co. manufactures glow-in-the dark products in 10 ft. rolls. At present the company's maximum production capacity is 140,000 rolls per year. The cost is described as: C= $50,000 + 0.25 Q. The company seeks a price that maximizes profit and believes that they should be ...
Purchase this Solution
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