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Title: What is the nonlinear profit function for the XYZ company? Simplify the terms as much as possible. ...
Post by: jay123 on Jan 30, 2018
What is the nonlinear profit function for the XYZ company? Simplify the terms as much as possible.
 
  The XYZ manufacturing company produces ball bearings. The annual fixed cost is 20,000 and the variable cost per ball bearing is 3. The price is related to demand according to the following equation: 1000 - 8p.


Title: What is the nonlinear profit function for the XYZ company? Simplify the terms as much as possible. ...
Post by: vulshafer15 on Jan 30, 2018
Answer: Z = 1024p - 8p2 - 23,000