At a hotel property, if foxed costs run at $690,000 and variable costs are typically 45% of revenues, what is the profit if the property generates $2, 400,000 in revenue?
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At a hotel property, if foxed costs run at $690,000 and variable costs are typically 45% of revenues, what is the profit if the property generates $2, 400,000 in revenue?
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- The variable cost to make a certain product is $71 per unit. Research indicates that the lowest price no one will pay for this product is $156. Calculate optimal price for this product. (Rounding: penny.)Diminishing Returns Jesaki Inc estimates that it will sell N(x) units of product after spending $x thousand on advertising, as given by N(x) = -0.45x¹+49 x³ - 1,086 x² + 157,924. What is the point of diminishing returns? Round to the nearest dollar. $A company sells a product for $34 each. The variable costs are $16 per unit and fixed costs are $14,562 per month. a) Find the revenue function. TR = b) Find the cost function. TC = c) Calculate the number of units needed to be sold per month to break-even. units d) Calculate the revenue at the break-even (round off to the nearest cent). $
- At its best possible output level, a firm has total revenue of Rs. 7000 per day and total cost of Rs. 14000 per day. What should this firm do in the short run if: 10 (Hint: See normal and abnormal loss) The firm has total fixed cost of Rs. 6000 per day? The firm has total variable cost of Rs. 6000 per day?What would be the profit earned by the firm if his total revenue is $490 and the total costs are $500What would be the profit of a firm who generates a total revenue of $3300 and the cost incurred is $2900
- Assume that a firm can sell as many units of its product as it can manufacture in amonth at £100 each. It has to pay out £240 fixed costs plus a total cost of £340 for 30 units. Calculate the profit.A company produces very unusual CD's for which the variable cost is $ 15 per CD and the fixed costs are $ 50000. They will sell the CD's for $ 79 each. Let a be the number of CD's produced. Write the total cost C as a function of the number of CD's produced. C =$ Write the total revenue R as a function of the number of CD's produced. R=$ Write the total profit P as a function of the number of CD's produced. P=$ Find the number of CD's which must be produced to break even. The number of CD's which must be produced to break even is Question Help: Video Submit QuestionBill runs a business that makes custom-printed towels. It will cost him $8 each to purchase and print on towels, and he will have to pay a rent of $1,700 per month for him workshop. Based on market research, Bill estimates that he can sell custom towels for $25 each. a) Calculate the number of towels he needs to sell per month to break-even. towels b) Calculate the break-even in dollars (round off to the nearest cent).
- Profit maximizing output is at: * 100 320 440At its best possible output level, a firm has total revenue of Rs. 7000 per day and total cost of Rs. 14000 per day. What should this firm do in the short run if: 10(Hint: See normal and abnormal loss)i) The firm has total fixed cost of Rs. 6000 per day?ii) The firm has total variable cost of Rs. 6000 per day?Given Cost and Price (demand) functions C(q) = 110q + 45000 and p(q) = - 2.8q + 800, what profit can be earned if the price is set to be $550 per item? U The profit is $ 1,?9 (Round to the nearest cent.) A company produces a special new type of TV. The company has fixed costs of $499,000, and it costs STT00 to produce each TV. The company projects that if it charges a price of $2300 for the TV, it will be able to sell 850 TVs. If the company wants to sell 900 TVs, however, it must lower the price to $2000. Assumo a linear demand. What is the marginal profit if 200 TVs are produced It is $ 0 per item. (Round answer to nearest dollar.)
