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Jmini Jmini
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6 years ago
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:
 
  v = 1000 - 8p. What is the optimal price of the ball bearings that will maximize the profit?
  A) 47.99
  B) 53.99
  C) 58.99
  D) 63.99
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ohssiohssi
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#1
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6 years ago
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Jmini Author
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#2
6 years ago
I just wanted to write to say thanks a bunch for the answer!
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