The Average Cost/unit for the Production of a Particular Component

question 26

Essay

The average cost/unit for the production of a particular component at a manufacturing plant varies with the number of units produced in each batch. The data are given below.
​ $$\begin{array} { | l | l | } \hline \text { Number of units produced } & \text { Cost/unit } \\\hline 0 - 49 & \$ 37.72 \\\hline 50 - 100 & \$ 25.02 \\\hline\end{array}$$ ​
Suppose the selling price of each unit is $35.
Use a two-way data table to show how the profit changes as a function of demand and the selling price of the product. Vary the demand from 20 units to 80 units in increments of 10 units and selling price from $30 to $40 in increments of $2.

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