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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Definitions:

German Empire

A historic state in Central Europe, existing from 1871 to 1918, characterized by its imperial monarchy and rapid industrialization.

Junkers

The German noble landed aristocracy in Prussia, known for their significant military and political influence, especially before and during World War II.

Political Power

The capacity or ability of a person or group to influence or control the actions and outcomes within a society or political body.

Risorgimento

The social and political movement that culminated in the unification of Italy in the 19th century, marked by revolutions, wars, and the consolidation of different states and kingdoms into a single nation.