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| Teaching Since: | Apr 2017 |
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| Questions Answered: | 12843 |
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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
Kaushi is starting an online women's clothing store to sell dresses. She used Rs. 50,000 as a fixed cost and to stich one dress the cost is Rs. 1750. Further the special cost is estimated as 0.032x^2 , where x is the total number of dresses she is going to sell. The price of one dress is Rs. 2500.
(a) Write the cost function, Revenue function and profit function
(5 marks)
(b) How many dresses Kaushi should stich to run her business without a loss or profit?
(4 marks)
(c) How many dresses Kaushi needs to stich in order to maximize her profit?
(5 marks)
(d) What is the maximum profit she can earn?
(3 marks)
(e) lfthe company sells 75 dresses during the first year, compute the average cost of each dress.
(3 marks) Â
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