Profit equation of hockory cabinet and furniture company

Assignment Help Accounting Basics

Reference no: EM13115642

The hockory Cabinet and furniture Company makes chairs. The fixed cost per month of making chairs is $7,500, and the variable cot per chair is $40. Price is related to demand according to the following linear equation.

v=400-1.2p

Develop the nonlinear profit for this company and determine the price that will maximize profit, the optimal volume, and the maximum profit per month.

Reference no: EM13115642

Questions Cloud

Evalute the acceleration of each block and tension string : Evalute the acceleration of each block and the tension in the string? Repeat the problem, adding a coefficient of kinetic friction between each block and the surface of 0.10.

What is the volume of the container needed : What is the volume of the container needed to store 0.8 moles of argon gas at 5.3 atm and 227°C.

What mass g of calcium nitride forms : when 56.6g of calcium and 30.5g of nitrogen gas underfo a reaction that has a 93.0% yield, what mass g of calcium nitride forms.

What condition imposed on constants for unbiased estimator : If θ1 and θ2 are unbiased estimators of θ, show that θ3=k1θ1+ k2θ2 is biased estimator of θ. What condition must be imposed on constants k1 and k2, so that θ3 is an unbiased estimator of θ?

Profit equation of hockory cabinet and furniture company : The hockory Cabinet and furniture Company makes chairs. The fixed cost per month of making chairs is $7,500, and the variable cot per chair is $40. Price is related to demand according to the following linear equation.

What is the purpose of the long refractory period : What is the purpose of the long refractory period during cardiac muscle contraction (compared to that of skeletal muscle)? What could happen if cardiac muscle did not have this long refractory period? Explain.

Illustrate what is the speed of the arrow as it leaves bow : A 87 g arrow is fired from a bow whose string exerts an average force of 105 N on the arrow over a distance of 76 cm. Illustrate what is the speed of the arrow as it leaves the bow?

What volume will the sample occupy : The volume of a gas sample is 650. mL at STP. What volume will the sample occupy at 25.0°C and 950. torr pressure.

How does this affect cardiac muscle function : Cardiac muscle cells are occupied to a large extent (25-35% of the cell) by mitochondria when compared to skeletal muscle (mitochondria occupy 2% of the cell). How does this affect cardiac muscle function, compared to that of skeletal muscle?

User Account

All Pages