Question
In: Math
A company produces a special new type of TV. The company has fixed costs of $476,000...
A company produces a special new type of TV. The company has fixed costs of $476,000 and it costs $1300 to produce each TV. The company projects that if it charges a price of $2300 for the TV, it will be able to sell 750 TVs. If the company wants to sell 800 TVs, however, it must lower the price to $2000. Assume a linear demand.
What price should the company charge to earn a profit of $734,000?
It would need to charge $
Solutions
milcah answered 1 year agoRelated Solutions
A company produces a special new type of TV. The company has fixed costs of $471,000...
A company produces a special new type of TV. The company has
fixed costs of $471,000 and it costs $1200 to produce each Tv. The
company projects that if it charged $2300 for the TV it will sell
700. If the company wants to sell 750 the price must be $2000.
Assume a linear demand.
what price should the company charge to earn a profit of
$679,000
It would need to charge..?
Q1: A company produces a special new type of TV. The company has fixed costs of...
Q1:
A company produces a special new type of TV. The company has
fixed costs of $458 comma 000458,000, and it costs $1200 to
produce each TV. The company projects that if it charges a price of
$2600 for the TV, it will be able to sell 700 TVs. If the company
wants to sell 750 TVs, however, it must lower the price to $2300.
Assume a linear demand. If the company sets the price of the TV to
be...
Q1) A company produces a special new type of TV. The company has fixed costs of...
Q1) A company produces a special new type of
TV. The company has fixed costs of $471,000, and it costs $1100
to produce each TV. The company projects that if it charges a price
of$2500 for the TV, it will be able to sell 750 TVs. If the
company wants to sell 800 TVs, however, it must lower the price to
$2200. Assume a linear demand.
What is the marginal profit if 250 TVs are produced?
It is $_____ per...
A company produces a special new type of TV. The compant has fixed costs of $471,000...
A company produces a special new type of TV. The compant has
fixed costs of $471,000 and it costs $1200 to produce each Tv. The
company projects that if it charged $2300 for the TV it will sell
700. If the company wants to sell 750 the price must be $200.
Assume a linear demand.
what price should the company charge to earn a profit of
$679,000
It would need to charge..?
McCracken Aerial, Inc., produces and sells a unique type of TV antenna. The company has just...
McCracken Aerial, Inc., produces and sells a unique type of TV
antenna. The company has just opened a new plant to manufacture the
antenna, and the following cost and revenue data have been provided
for the first month of the plant’s operation:
Beginning
inventory
0
Units produced
40,500
Units sold
36,000
Selling price per
unit
$
88
Selling and
administrative expenses:
Variable
per unit
$
5
Fixed
(total)
$
528,000
Manufacturing
costs
Direct
materials...
Bonn Corporation produces and sells a unique type of TV recording device. The company has just...
Bonn Corporation produces and sells a
unique type of TV recording device. The company has just opened a
new plant to manufacture the device. The following cost and revenue
data have been provided for the first month of the plant’s
operation.
Beginning
inventory
0
Units
produced
60,000
Units
sold
50,000
Selling price per
unit
$80
Selling and administrative
expenses:
Variable per
unit
$4
Fixed
$700,000
Manufacturing costs:
Direct materials cost per
unit
$20
Direct labor...
A machine that produces a special type of transistor (a component of computers) has a 10%...
A machine that produces a special type of transistor (a
component of computers) has a 10% defect rate. The production is
considered a random process where each transistor is independent of
the others. What is the probability that the 5th transistor
produced is the first with a defect? Which distribution would you
use here and why?
8.3 The C&D TV store currently has fixed costs of $6,000 per month and $400 per TV...
8.3 The
C&D TV store currently has fixed costs of $6,000 per month and
$400 per TV set. Their sales price for the TV sets is $700 each,
and their current volume is 25 sets per month.
a)
Find C&D’s break-even point and their NOI and DOL at the
current level of sales (20 units per month, NOI=$1,500, and
DOL=5).
b)
Find C&D’s break-even point and their NOI and DOL if fixed
costs decrease to $4,750 and at the same time...
A company produces a product that currently costs $8 in variable costs and $2 in fixed...
A company produces a product that currently costs $8 in variable
costs and $2 in fixed costs. It sells the product for $14. If
processed further, the company will spend an additional $6 in
variable costs and $2 in fixed costs. Each unit would then be sold
for $24.
Why would the company choose to process further?
A company produces a product that currently costs $8 in variable costs and $2 in fixed...
A company produces a product that currently costs $8 in variable
costs and $2 in fixed costs. It sells the product for $14. If
processed further, the company will spend an additional $6 in
variable costs and $2 in fixed costs. Each unit would then be sold
for $24.
Why would the company choose to process further?
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