Examlex

Solved

The XYZ Manufacturing Company Produces Ball Bearings

question 48

Multiple Choice

The XYZ manufacturing company produces ball bearings. The annual fixed cost is $20,000 and the variable cost per ball bearing is $3. The price is related to demand according to the following equation:
V = 1000 - 8p. What is the optimal price of the ball bearings that will maximize the profit?


Definitions:

Related Questions