The manager of a small firm is

Oct 12th, 2015
Anonymous
Category:
Engineering
Price: $5 USD

Question description

The manager of a small firm is considering whether to produce a new product that would requireleasing some special equipment at a cost of $20,000 per month.  In addition to this leasing cost, a production cost of $10 would be incurred for each unit of the product produced.  Each unit sold would generate $20 in revenue.Develop a mathematical expression for the monthly profit that would be generate by this product in terms of the number of units produced and sold per month.  Then determine how large this number needs to be each month to make it profitable to produce the product.

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