A manufacturer assembles personal computers. If the computers are priced at £1,000 each, the company will sell 30 units per week, and if the computers are priced at £800 each the sales will be 50 units per week. The fixed weekly costs are £10,000 per week and the variable costs are £600 per unit sold. Assuming that there is a linear relation between sold items and their prices, determine: 1) The price function ( 2) The weekly revenue functiofi, and the cost function. ( 3) The manufacturer's weekly profit function. (..

A manufacturer assembles personal computers. If the computers are priced at £1,000 each, the company will sell 30 units per week, and if the computers are priced at £800 each the sales will be 50 units per week. The fixed weekly costs are £10,000 per week and the variable costs are £600 per unit sold. Assuming that there is a linear relation between sold items and their prices, determine: 1) The price function ( 2) The weekly revenue functiofi, and the cost function. ( 3) The manufacturer's weekly profit function. (..

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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