A small factory produces a small toy with a fixed cost of $10,000month. If the factory manager wants to have a profit of $2 per unit, the revenue is $15/unit and variable cost is $5unit what is quantity to achieve this profit?

A small factory produces a small toy with a fixed cost of $10,000month. If the factory manager wants to have a profit of $2 per unit, the revenue is $15/unit and variable cost is $5unit what is quantity to achieve this profit?

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter5: Investment Decisions: Look Ahead And Reason Back

Section: Chapter Questions

Problem 5.1IP

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A small factory produces a small toy with a fixed cost of S10,000month. If the factory manager wants to have a profit of $2 per unit, the revenue is $15unit and variable cost is
$5/unit what is quantity to achieve this profit?

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