Computing quantity-price, Night Timers Co. manufactures

Computing quantity-price

Reference no: EM1371785

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 stated as: C= $50,000 + 0.25 Q. The company seeks price that maximizes profit & think they should be capable to sell at least 125,000 rolls of product for each year. The demand forecast for 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

Reference no: EM1371785

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