Develop a mathematical expression for the monthly profit

Assignment Help Business Management
Reference no: EM132557584

The manager of a small firm is considering whether to produce a new product that would require leasing some special equipment at a cost of $20,000 per month. In addition to this leasing cost, a production cost of $10 would be incurred for each unit of the product produced. Each unit sold would generate $20 in revenue.

Develop a mathematical expression for the monthly profit that would be generated by this product in terms of the number of units produced and sold per month. Then determine how large this number needs to be each month to make it profitable to produce the product.

Reference no: EM132557584

Questions Cloud

Can uber business model be applied in other industries : Companies like Uber, Lyft (one of Uber's main competitors), and Airbnb (an online marketplace that enables people to lease
What is the socratic method : Explain the Socratic approach to philosophy and Illustrate your understanding of dialectic with a contemporary example of a belief that might be examined
Prepare the journal entries for perez company on december : On December 1, Perez Company received Parker Company's $9,000, Prepare the journal entries for Perez Company on December
Prepare a provision for doubtful debts account : Prepare a Provision for doubtful debts account for each of the years ended 31st dec 2005,2006 & 2007 and Bad debts written off account for each of the year
Develop a mathematical expression for the monthly profit : Develop a mathematical expression for the monthly profit that would be generated by this product in terms of the number
What is the price of the bond : Jimmy Company issued a $100,000 dollar bond paying interest annually. What is the price of the bond
How the net loss would be divided bewtween ching and frank : Prepare journal entry required on Dec 31, 2017 to transfer the net loss to partners equity. how the net loss would be divided bewtween ching and frank
Relationship between human and divine nature : What is the relationship between human and divine nature? What is the core essence human beings are said to share?
Benefits and potential problems associated with conflict : Using a practical example, what are the benefits and potential problems associated with conflict?

Reviews

Write a Review

Business Management Questions & Answers

  Largest positive integer that can be represented

1. What is the largest positive integer that can be represented as an unsigned integer on 8 bits. (Write your answer in binary and decimal).

  Evaluate whether the industrial relations system

Evaluate whether the industrial relations system is unbalanced against business. Consider both the economic domain and the socio-political

  Consequences of a large national debt

Are any of these consequences currently observed in US economy, Explain why or why not?

  Finish with selling the good or service to the customer

Explain, in detail how the product or service you have selected (koolaid) for your business plan will be produced.

  Typical conflicts of interest

1. What are the most typical conflicts of interest in which corporate board members find themselves? 2. From an international perspective, while North American countries continue to focus on bottom-line economic performance, other jurisdictions hav..

  Interpersonal communication involves ethical choices

Interpersonal communication involves ethical choices. Define ethics and explain why interpersonal communication involves these ethical choices.

  Effectiveness and performance of group

Determine what can a manager do to effect the effectiveness and performance of group and team work within his or her company?

  Structuring of a projected proposal

How does the planning process aid in the structuring of a projected proposal?

  Briefly evaluate its international business-level strategy

For the corporation that operates internationally, briefly evaluate its international business-level strategy and international corporate-level strategy and make recommendations for improvement

  How would you characterize stihl competitive strategy

How would you characterize Stihl's competitive strategy? Should it be classified as a low-cost provider, differentiation strategy, or a best-cost strategy?

  Government failure caused the great recession

Read the attached opinion piece where the author indicates that government failure caused the Great Recession of 2009.

  Letter saying no to solicitation for funds

Explain your new policy and refuse, as gently as possible, the request for a donation. Remember the goal is to refuse and still keep the people working with the organization as potential customers for your business.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd