loader  Loading... Please wait...

Question(s) / Instruction(s):

A Naples boat manufacturer, finds that its variable cost (V) is the following function of number of boats produced per month (B): V = 2000B2 ƒÂa€sÂa‚Å“ 30,000B Even if the business builds no boats, it still has overhead costs of $1,000,000 each month. Customers are charged a price (P), where P = $60,000 per boat. Based on this information, find the following: a) What is the formula for Total Revenue and Total Cost? b) Determine the Profit function c) Find the breakeven quantity(s) ƒÂa€sÂa‚Å“ pay attention here (Hint: there are more than one breakeven points. I just want one. Find it by trial and error, using increments of 10 boats per try).

Find Similar Answers by Subject


Student Reviews

Rate and review your solution! (Please rate on a Scale of 1 - 5. Top Rating is 5.)


Expert's Answer
Download Solution:
$1.79

This solution includes:

  • Plain text
  • Cited sources when necessary
  • Attached file(s)
  • Solution Document(s)



Reach Us

408-538-8534

20-3582-4059

39-008-4233

+1-408-904-6494