Question

What is the breakeven amount of quantity produced?

Answer 1

Can someone please help me , a medal will be given

Answer 2

The details of the production process of a certain commodity and its market price is given below:

Price/unit (P) = $2

Quantity produced (Q) = 12,000

Variable cost/unit (V) = $0.50

Fixed cost (F) = $14,000

What is the breakeven amount of quantity produced?

Answer 3

Your question is very, very general. If you have an ungraded homework problem to discuss, why not post it, so that someone could give you specific guidance in solving it?

Answer 4

I did sorry

Answer 5

Right, you did. Sorry here too.

Answer 6

Break even quantity (sales) = \(\large \frac{(Fixed ~Cost)}{(Price)-(Variable~ cost)}\)

Answer 7

figure out the variables and plugin

Answer 8

14,000/2-0.50 = 6,999.50 is this correct?

Answer 9

thats right,
so u should be selling ~7000 units per year, to breakeven

Answer 10

and ur assumption is correct, to calculate break-even, # of goods already produced doesnt matter

Answer 11

Thats what I got 7000 and I got it wrong

Answer 12

Oh! do u have the right answer ?

Answer 13

Ok, wi ll try again. Thank you!

Answer 14

wait a sec, how did u get 7000 ?

Answer 15

I rounded off the 6999.50

Answer 16

\(\large \frac{14000}{2-0.5} = \frac{14000}{1.5} =9333.3 \)

Answer 17

^^

Answer 18

Oh I see where I went wrong

Answer 19

hThe demand function for a good is given as: Q = 10 – 2P, where Q = quantity demanded and P = market price/unit of the good.
If Q = 6 in equilibrium, compute the revenue earned by the firm.
ow about this one

Answer 20

The demand function for a good is given as: Q = 10 – 2P, where Q = quantity demanded and P = market price/unit of the good.
If Q = 6 in equilibrium, compute the revenue earned by the firm.

Answer 21

these question are from financial algebra ?

Answer 22

Yes. I've seen the same questions in a course dubbed "Algebra for Management Science."

Answer 23

ahh i need to review a bit, relation between demand-revenue-equilibrium :o
@mathmale plz help

Answer 24

ok

Answer 25

how about this one

Answer 26

The cost of producing ice cream is $1.20 per unit. The market sale is targeted as 1,000 units per month. What will be the monthly profit if the revenue is $2,200 per month?

Answer 27

Profit = Revenue - Costs
Can you come up with expressions in x for Revenue?
Can you do the same for Costs?

Answer 28

$1000

Answer 29

1000*1.20 = 2100-2200 - 1000

Answer 30

The cost of producing ice cream is $1.20 per unit (e. g., $1.20 per quart). If x units are produced, what is the total production cost?
what is the total revenue gained by selling this ice cream?

Answer 31

$1000

Answer 32

All right: 1000*$1.20 is the total cost of producing 1000 units of ice cream.
The revenue is simply $2,200. How did you obtain 2100-2200-1000 on the right side?

Answer 33

Profit = Revenue - Costs

Answer 34

2200-1200=1000

Answer 35

1000*1.20 = 1200, 2200-1200 = 1000, is this correct?

Answer 36

OK. Please write a complete sentence, using that data, to describe the results of your work on this problem.

Answer 37

Thank you

Answer 38

You're welcome. But I was hoping you'd write a sentence to explain your answer.

Answer 39

I have another

Answer 40

Hope you won't mind, but I'd much prefer you post this "another" as a new question.

Answer 41

The demand function for a good is given as: Q = 10 – 2P, where Q = quantity demanded and P = market price/unit of the good. The cost function is given as: C = 8 + 0.5 × Q, where C = total cost. Is this answer correct? π = 0.5Q¬¬¬¬¬2 – 5Q – 8

Answer 42

another

Answer 43

The demand function for a good is given as: Q = 10 – 2P, where Q = quantity demanded and P = market price/unit of the good. The cost function is given as: C = 8 + 0.5 × Q, where C = total cost.


What is the profit function (π)?

Answer 44

Please post each new question separately.

As before, the profit function looks like this:

Profit = Revenue - Costs.

Please look at the wording of your question and see whether you can come up with formulas for:

Profit
Costs
Revenue

Answer 45

for this one

Answer 46

The demand function for a good is given as: Q = 10 – 2P, where Q = quantity demanded and P = market price/unit of the good. The cost function is given as: C = 8 + 0.5 × Q, where C = total cost.

Answer 47

What is the profit function (N)?

Answer 48

As before, the profit function is

Profit = Revenue - Costs. I've already asked you to try to come up with formulas in terms of P and Q for Revenue and Costs. Please give this some thought. You might want to go back to our previous discussion for reminders.

Answer 49

oh, I see

Answer 50

N= – 0.5Q2+ 4.5Q – 8 is this correct?

Answer 51

Before I answer that, I need for YOU to write formulas for Revenue and Costs.
Then, Profit = (Revenue) - (Costs).