Smithson Cutting is opening a new line of scissors for supermarket distribution. It estimates its fixed cost to be $500 and its variable cost to be $0.65 per unit. Selling price is expected to average $0.85 per unit. For Smithson Cutting, the break-even point in units is.
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- Solve it correctly Q)Transtech sells its product for $100. Marginal cost is a constant $70 per unit and fixed costs are 70,500 what is the breakeven quantity? please specify your answer as an integer what is the breakeven revenue ? please specify your answer as an integerTarget Profit Trailblazer Company sells a product for $265 per unit. The variable cost is $120 per unit, and fixed costs are $1,000,500. Determine (a) the break-even point in sales units and (b) the break-even point in sales units if the company desires a target profit of $350,175. a. Break-even point in sales units units b. Break-even point in sales units if the company desires a target profit of $350,175 unitsAce Shoe Company sells heel replacement kits for men's shoes. It has fixed costs of $6 million and unit variable costs of $5 per pair. If the company charges $15 per pair, how many pairs must it sell to break even? Ace Shoe Company sells heel replacement kits for men's shoes. It has fixed costs of $6 million and unit variable costs of $5 per pair. Ace would like to earn a profit of $2 million; how many pairs must they sell at a price of $15? Ace Shoe Company sells heel replacement kits for men's shoes. It has fixed costs of $6 million and unit variable costs of $5 per pair. Suppose a consultant tells Ace it can sell 700,000 heel repair kits, what price must it charge to achieve a profit of $2.5 million?
- TransTech sells its product for $150. Marginal cost is a constant $135 per unit and fixed costs are $24,375. What is the breakeven quantity? Please specify your answer as an integer. Save your answer What is the breakeven revenue? Please specify your answer as an integer.Drybar, a hair salon, faces a weekly demand for blowouts equal to qp = 1120 - 20P. The salon has weekly total cost of TC(q)=0.05q² + 20q + 500. (a) The minimum efficient scale (i.e., the quantity that achieves minimum average cost) is__. (b) The weekly marginal revenue for this salon is MR (c) This salon's profit maximizing level of output is__, price is__ (d) When the salon produces at the profit maximizing level, the consumer surplus is__, the producer surplus is__. (e) Suppose the salon can do first-degree price discrimination, consumer surplus is__and producer surplus is_-Given Cost and Price (demand) functions C(q) = 110q + 45000 and p(q) = - 2.8q + 800, what profit can be earned if the price is set to be $550 per item? U The profit is $ 1,?9 (Round to the nearest cent.) A company produces a special new type of TV. The company has fixed costs of $499,000, and it costs STT00 to produce each TV. The company projects that if it charges a price of $2300 for the TV, it will be able to sell 850 TVs. If the company wants to sell 900 TVs, however, it must lower the price to $2000. Assumo a linear demand. What is the marginal profit if 200 TVs are produced It is $ 0 per item. (Round answer to nearest dollar.)
- A publisher for a promising new novel figures fixed costs (overhead, advances, promotion, copy editing, typesetting, and so on) at $64,000, and variable costs (printing, paper, binding, shipping) at $1.80 for each book produced. If the book is sold to distributors for $12 each, how many must be produced and sold for the publisher to break even? The publisher must produce and sell books to break even. (Round to the nearest integer as needed.)don't use Al bot or chat GPT otherwise downvote Microsoft is selling a one-of-a-kind software program for which they have no competitors. The demand they face for their product is q = 1000 − 5p. Their cost function is C(q) = 1000 (Each copy of the program has zero marginal cost). How many copies do they sell? (a) q = 100 (b) q = 250 (c) q = 400 (d) q = 500 Get the answer, and explain how you got it.If Total Revenue(TR)=5900Q – 10Q2 and Total Cost(TC)= 2Q3 – 4Q2 + 140Q + 845. Determine thelevel of Profit at Q=30
- Average fixed cost is 0 at zero level of output True/FalseA company has established that the relationship between the sales price for one of its products and the quantity sold per month is approximately p = 75 – 0.1D units (D is the demand or quantity sold per month and p is the price in dollars). The fixed cost is $1,000 per month and the variable cost is $30 per unit produced. Solve, a. What is the maximum profit per month related to thisproduct? b. What is the range of profitable demand during a month?Trailblazer Company sells a product for $270 per unit. The variable cost is $105 per unit, and fixed costs are $495,000. Determine (a) the break-even point in sales units and (b) the break-even point in sales units if the company desires a target profit of $128,700. a. Break-even point in sales units units b. Break-even point in sales units if the company desires a target profit of $128,700 units