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Category > Business & Finance Posted 06 May 2017 My Price 5.00

The Hickory Cabinet and Furniture Company makes chairs

  1. The Hickory Cabinet and Furniture Company makes chairs. The fixed cost per month of making chairs is $7,500, and the variable cost per chair is $40. Price is related to demand, according to the following linear equation:

v = 400 - 1.2 p

Develop the nonlinear profit function for this company and determine the price that will maxi- mize profit, the optimal volume, and the maximum profit per month.

 

 

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Status NEW Posted 06 May 2017 09:05 AM My Price 5.00

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file 1494061581-Answer.docx preview (139 words )
T-----------he -----------Hic-----------kor-----------y C-----------abi-----------net----------- an-----------d F-----------urn-----------itu-----------re -----------Com-----------pan-----------y m-----------ake-----------s c-----------hai-----------rs.----------- Th-----------e f-----------ixe-----------d c-----------ost----------- pe-----------r m-----------ont-----------h o-----------f m-----------aki-----------ng -----------cha-----------irs----------- is----------- $7-----------,50-----------0, -----------and----------- th-----------e v-----------ari-----------abl-----------e c-----------ost----------- pe-----------r c-----------hai-----------r i-----------s $-----------40.----------- Pr-----------ice----------- is----------- re-----------lat-----------ed -----------to -----------dem-----------and-----------, a-----------cco-----------rdi-----------ng -----------to -----------the----------- fo-----------llo-----------win-----------g l-----------ine-----------ar -----------equ-----------ati-----------on:----------- v----------- =----------- 40-----------0 ------------ 1.-----------2 -----------p -----------Dev-----------elo-----------p t-----------he -----------non-----------lin-----------ear----------- pr-----------ofi-----------t f-----------unc-----------tio-----------n f-----------or -----------thi-----------s c-----------omp-----------any----------- an-----------d d-----------ete-----------rmi-----------ne -----------the----------- pr-----------ice----------- th-----------at -----------wil-----------l m-----------axi------------ m-----------ize----------- pr-----------ofi-----------t, -----------the----------- op-----------tim-----------al -----------vol-----------ume-----------, a-----------nd -----------the----------- ma-----------xim-----------um -----------pro-----------fit----------- pe-----------r m-----------ont-----------h. ----------- An-----------swe-----------r -----------So -----------dem-----------and-----------  -----------in -----------mon-----------th
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