7. A gardener sells herbal plants at Php38 per pack, selling all that he harvests. His fixed cost is Php5,200 and his variable cost is Php8.75 per pack. A. What is the revenue, cost and profit functions? B. How many packs of herbal plants must the gardener sell to break-even? C. How many packs of herbal plants must the gardener sell to get a profit of Php7,500? D. How many packs of herbal plants must the gardener sell and incur a loss of Php2,000?

7. A gardener sells herbal plants at Php38 per pack, selling all that he harvests. His fixed cost is Php5,200 and his variable cost is Php8.75 per pack. A. What is the revenue, cost and profit functions? B. How many packs of herbal plants must the gardener sell to break-even? C. How many packs of herbal plants must the gardener sell to get a profit of Php7,500? D. How many packs of herbal plants must the gardener sell and incur a loss of Php2,000?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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