Find out how large this number needs to be each month

Assignment Help Business Management

Reference no: EM13103192

Q. 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 find out how large this number needs to be each month to make it profitable to produce the product.

Reference no: EM13103192

Questions Cloud

Prepare argument which comprises three essential elements : Prepare the argument which comprises the three essential elements. Your response must be 150 - 200 words in length. Review and critique at least two of your peers.

Probability of rolling two dices : Two balanced dice are rolled and the number of dots facing up is added. Find the probability that the sum is 10 or 12.

Confidence interval for the long-run proportion : Find a 95% confidence interval for the long-run proportion of new product placements?

What is the size of the force : A space probe is launched from Earth, headed for deep space. At a distance of 15,000 miles from the Earth's center, the gravitational force on it is 800 lb. What is the size of the force when it is at 30,000 miles from the Earth's center?

Find out how large this number needs to be each month : 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 find out how large this number needs to be each month to make it profitable to produ..

What was the negative charge in coulombs on one of them : Two identical conducting spheres, fixed in place, attract each other with an electrostatic force of 0.139 N when their center-to-center separation is 69.5 cm.

Calculate the company''s z-score : Find the monetary statements for a publicly traded company as well as calculate the company's z-score. Identify approximately 100 words whether you think the company is at risk for financial failure based upon its z-score as well as other factors ..

Approximate probability-mean length of time : For the passengers in the SRS, what is the approximate probability that the mean length of time for them to get through security will be less than 18 minutes?

Probability and recurrence relation : Suppose a coin is flipped and a die is rolled. Let E1 denote the event "the coin shows a tail", let E2 denote the event "the dies shows a 3", and let E3 denote the event "the coin shows heads and the die shows an odd number".

User Account

All Pages