Question
In: Math
Joanne sells silk-screened T-shirts at community festivals and craft fairs. Her marginal cost to produce one...
Joanne sells silk-screened T-shirts at community festivals and craft fairs. Her marginal cost to produce one T-shirt is $ 2.50 . Her total cost to produce 60 T-shirts is $ 220 comma and she sells them for $8 each. a. Find the linear cost function for Joanne's T-shirt production. b. How many T-shirts must she produce and sell in order to break even? c. How many T-shirts must she produce and sell to make a profit of $500?
Solutions
milcah answered 2 years agoRelated Solutions
Assume that ABC Co. sells T-shirts for $20/ shirt. The marginal cost of production is $9/...
Assume that ABC Co. sells T-shirts for $20/ shirt. The marginal
cost of production is $9/ shirt, and fixed costs are $1,500/ year.
The tax rate is 20%. What is the new break-even point of the number
of T-shirts required to be sold if sales price and fixed costs are
both reduced by 15%.
Select one: a. None of the above
b. 187
c. 159
Question 2 Question text XYZ Co. intends to expand operations
and enters into a 10...
Ramiro& Sons buys T-shirts in bulk, applies its own trendsetting silk-screen designs, and then sells the...
Ramiro& Sons buys T-shirts in bulk, applies its own
trendsetting silk-screen designs, and then sells the T-shirts to
a number of retailers.
Ramiro wants to be known for its trendsetting designs, and it
wants every teenager to be seen in a distinctive
RamiroT-shirt.
Ramiro presents the following data for its first two years of
operations,2012 and 2013.
2012
2013
1
Number of T-shirts purchased
225,500
257,000
2
Number of T-shirts discarded
20,500
24,000
3
Number of T-shirts sold (row 1...
Total Cost Analysis The manager of a rival T-shirt stand found that her cost to produce...
Total Cost Analysis
The manager of a rival T-shirt stand found that her cost
to produce 10 T-shirts is $107.09, while the cost
to produce 40 T-shirts is $402.16..
Assume the cost C(x) is a linear function of
x, the number of T-shirts produced.
Find the total cost of producing 100 T-shirts.(Round to
2 decimal places)
A company sells only one item with a marginal cost of $3 and there is a...
A company sells only one item with a marginal cost of $3 and
there is a 50% probability of getting a high value customer who is
willing to pay $8 and a 50% probability of getting a low value
customer who is willing to pay $5. What is the expected profit?
What about the expected profit if it was an auction? What about if
it was an auction with three potential customers? What would be the
important things to know...
if a monopoly firm is current produce 100 units of outputs where price equals $7,average total cost equals $8 and marginal cost is increasing. Use one diagram to answer the following parts.
if a monopoly firm is current produce 100 units of outputs where
price equals $7,average total cost equals $8 and marginal cost is
increasing. Use one diagram to answer the following parts.a)Draw a graph showing a monopolist in this short-run
equilibrium.No explanation is required/ Label the critical values
on the diagram if the data are provided.b)Calculate the amount of profit or loss. Indicate the area of
it in your diagram.c)How can increase in demand help the monopolist to change the...
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