Posted by **Anonymous** on Saturday, February 11, 2012 at 10:12am.

Our hardware store buys tools for $15 each, marks them up and sells them for $30. Their monthly expenses (fixed costs) are $10,000.

a. What is the cost function?

b. What is the revenue?

c. How many units must be sold for the company to get a profit?

## Answer This Question

## Related Questions

- economics - HELP!!!!! One and only Inc is a monopolist. The demand function for ...
- marketing - 1.A store has fixed costs of 80,000 and an avarage gross margin of ...
- Entrepreneurship - What are five fixed cost? Fixed costs are things a firm pays ...
- High school - . A cement manufacturer has a cost of production of $28 for each ...
- accounting - "Harris Company manufactures and sells a single product. A ...
- Accounting - Mushroom Company, a retail company, has two departments, "G" and "S...
- MATH - 11.) A company produces a product for which the variable cost is $12.30 ...
- college finite math - A product may be made using Machine I or Machine II. The ...
- MircroEconomics - Production & Cost - Please check my answers if they are ...
- College Algebra - A yo-yo factory has fixed operating costs of $450,000 per year...

More Related Questions