Question
In: Physics
Exercise 2 The cost of producing one teddy bear is 10 PLN. At the price of...
Exercise 2
The cost of producing one teddy bear is 10 PLN. At the price of 15
PLN per teddy bear the sales volume is 1000 pieces per year. Each
time the price is raised by 1 PLN, the sales decrease by 50
pieces.
PROFIT = (FINAL PRICE - PRODUCTION COST) * number of units
sold
(a) Determine the formula of the square function describing the
annual profit depending on the price x PLN per unit.
b) Set such a price for one teddy bear that the annual profit of
the company is the highest. What will be the sales volume and what
profit?
Solutions
genius_generous answered 2 years agoRelated Solutions
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2. A teddy bear factory is found to be leaking a harmful
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not.
(a) [4 pts] Your team gathers 100 soil samples and finds that
the average amount of luv is 3.5mg per meter, with a deviation of
0.7mg. Conduct an...
Q.2 Babloo Toys, manufactures and sells 15,000 units of Teddy Bear toy (TB), in 2015. The...
Q.2 Babloo Toys, manufactures and sells 15,000 units of Teddy
Bear toy (TB), in 2015. The full cost per unit is USD 200. Babloo
Toys earns a 20% return on an investment of USD 1800,000 in 2015.
Required: (1) Calculate the selling price and the markup percentage
on the full cost per unit of TB toy in 2015. (2) If the selling
price in requirement 1 represents a markup percentage of 40% on
variable cost per unit, calculate the variable...
Exercise 23-6 Lewis Company’s standard labor cost of producing one unit of Product DD is 3.1...
Exercise 23-6
Lewis Company’s standard labor cost of producing one unit of
Product DD is 3.1 hours at the rate of $12.7 per hour. During
August, 42,200 hours of labor are incurred at a cost of $12.80 per
hour to produce 13,500 units of Product DD.
(a)
Compute the total labor variance.
Total labor variance $
Unfavorable
Favorable
Neither favorable nor unfavorable
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Labor price variance $
Favorable
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Problem 2. Suppose there is only one yoga studio in town. The marginal cost of producing...
Problem 2. Suppose there is only one yoga studio in
town. The marginal cost of producing yoga sessions is as follows:
MC=12. The yoga studio faces the following market demand function:
Q=20-(1/2)P, and marginal revenue MR=40-4Q.
(6 points) Calculate the profit-maximizing price,
output, and profit for the yoga studio.
(bonus: 3 points) Graph the market demand curve, the
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profit, price, and quantity at the profit-maximizing level of
output.
(4 points) Suppose that...
Consider two put options differing only by exercise price. The one with the higher exercise price...
Consider two put options differing only by exercise price. The
one with the higher exercise price has
Answers:
A.
the higher breakeven and greater profit potential
B.
the lower breakeven and greater profit potential
C.
the higher breakeven and lower profit potential
D.
the lower breakeven and lower profit potential
The Cost of Producing Wine at Only a Small Fraction of the Price Based on Dana...
The Cost of Producing Wine at Only a Small Fraction of the
Price
Based on Dana Nigro, “What’s Behind the Bottle Price?” Wine
Spectator, December 15, 2002:50–56.
Most consumer goods are not sold by the manufacturer. Instead,
they are produced by the manufacturer, who sells to a wholesaler,
who in turn sells to a retailer, who sells to the public. Such is
the case with most wine.
There has been an outcry in recent years over increases wine in
prices....
The marginal benefit of an additional beach towel is $10. Themarginal cost of producing an...
The marginal benefit of an additional beach towel is $10. The
marginal cost of producing an additional beach towel is $10. If
producers are not minimizing the average costs of production, then
we can conclude:beach towel production is neither allocatively nor productively
efficient.beach towel production is allocatively efficient but not
productively efficient.beach towel production is not allocatively efficient but is
productively efficient.beach towel production is both allocatively and productively
efficient.
The Cost of Producing Wine at Only a Small Fraction of the Price Most consumer goods...
The Cost of Producing Wine at Only a Small Fraction of the
Price
Most consumer goods are not sold by the manufacturer. Instead,
they are produced by the manufacturer, who sells to a wholesaler,
who in turn sells to a retailer, who sells to the public. Such is
the case with most wine.
There has been an outcry in recent years over increases wine in
prices. Although prices have risen sharply, the multilevel market
structure and the markup that occurs...
The Cost of Producing Wine at Only a Small Fraction of the Price Most consumer goods...
The Cost of Producing Wine at Only a Small Fraction of the
Price
Most consumer goods are not sold by the manufacturer. Instead,
they are produced by the manufacturer, who sells to a wholesaler,
who in turn sells to a retailer, who sells to the public. Such is
the case with most wine.
There has been an outcry in recent years over increases wine in
prices. Although prices have risen sharply, the multilevel market
structure and the markup that occurs...
Ritewell sells pens at a current price of £10, producing a revenue of £120,000 per month,...
Ritewell sells pens at a current price of £10, producing a
revenue of £120,000 per month, of which 20% is spent on
advertising. The marketing manager wants to increase sales to
16,000 units per month, and is considering whether to increase
advertising or reduce price to achieve this target. He has
estimated that the PED for Ritewell’s pens is –1.5 and the AED is
1.8. a) Calculate how much would need to be spent on advertising to
achieve the target...
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