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- Complete all of the following definitionsA company produces and sells a consumer product and is able to control the demand for the product by varying the selling price. The approximate relationship between price and demand is p= 200-0.05D where p is the price per unit in dollars and D is the demand per month. The company is seeking to maximize its profit. The fixed cost is $15000 per month and the variable cost is $50 per unit. a. What is the number of units that should be produced and sold each month to maximize profit? b. What is the domain of profitable demand during a month? Show your spreadsheet.An artisanal manufacturing plant has 30 horsepower of connected load and consumes 2,800 kilowatt-hours monthly. The shop buys electricity at monthly rates in brackets as shown in the table below.. A. Compute for the monthly electricity bill. Determine the average cost and marginal cost. $0.086/kilowatt-hour Frist 50 kilowatt-hour per horsepower of connected load Next 50 kilowatt-hour per $0.066/kilowatt-hour horsepower of connected load Next 150 kilowatt-hour per $0.040/kilowatt-hour horsepower of connected load Above 250 kilowatt-hour $0.037/kilowatt-hour per horsepower of connected load
- Q2. Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has a determined that if a truck is driven 105,000 kilometers during a year, the average operating cost is 11.4 cents per kilometers. If a truck is driven only 70,000 kilometers during a year, the average operating cost increases to 13.4 cents per kilometer. (The Singapore dollar is the currency used in Singapore). a. Using the high-low method, estimating the variable and fixed cost elements of the annual cost of the truck operation. b. Express the variable and fixed costs in the form Y= a + bx. c. If a truck were driven 80,000 kilometers during a year, what total cost would you expect to be incurred?A large company in the communication and publishing industry has quantified the relationship between the price of one of its products and the demand for this product as Price=160−0.02×Demand for an annual printing of this particular product. The fixed costs per year (i.e., per printing)=$47,000 and the variable cost per unit=$40. What is the maximum profit that can be achieved? What is the unit price at this point of optimal demand? Demand is not expected to be more than 4,000 units per year. The maximum profit that can be achieved is $? (Round to the nearest dollar.) The unit price at the point of optimal demand is $? per unit. what impact does digital technology have on the retail and logistic processes of tesco and apple?
- Q#3: XYZ construction are manufactures of slabs and are the major suppliers for orange train in Lahore. XYZ is manufacturing two types of slabs. The cost for these two types of slabs are $175 and $225, respectively. XYZ current production capacity is 200 slabs (both types). Because of the urgency of the need, government of the Punjab would pay the manufacture a bonus of $50,000 plus an additional $25 for each of the unit greater than 200. Determine the function which determine the sales of the number of slabs provided of each type by XYZ construction. What is the expected profit if XYZ is manufacturing 150 slabs of type 1, and 250 slabs of type ILwhat is coasian transaction cost?Please answer using excel showing equations.