Consider the company that manufactures pens. To make the signature pens, the firm must pay the following expenses each month: variable cost = cv = RM 8 per pair; Fixed cost = cf = RM 3,500 A) If the Monthly sales v= 980 Pens, Calculate the Total cost. B) If the Price per unit of Pens (selling price p = RM 2.75), Calculate the Total revenue and the Profit

Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter4: Extent (how Much) Decisions
Section: Chapter Questions
Problem 4.2IP
icon
Related questions
Question
100%
Consider the company that manufactures pens. To make the signature pens, the firm must pay the following expenses each month: variable cost = cv = RM 8 per pair; Fixed cost = cf = RM 3,500 A) If the Monthly sales v= 980 Pens, Calculate the Total cost. B) If the Price per unit of Pens (selling price p = RM 2.75), Calculate the Total revenue and the Profit
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Charter Contracts
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
Economics
ISBN:
9780078747663
Author:
McGraw-Hill
Publisher:
Glencoe/McGraw-Hill School Pub Co
Managerial Economics: Applications, Strategies an…
Managerial Economics: Applications, Strategies an…
Economics
ISBN:
9781305506381
Author:
James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:
Cengage Learning