Profit Function – NBC Institute

QTB – May 2015 – L1 – SA – Q6 – Operations Research

Finding revenue changes, total cost, and profit using marginal cost and marginal revenue functions.

Question

In its efforts to reposition the fortune of the firm, the Board of Directors of AJE Enterprise Limited targeted a profit function of . The firm’s profit-maximizing output level is obtained as:

A. 2/5
B.
C. 8
D. 10
E. 16

Answer

Find Related Questions by Tags, levels, etc.

Tags: Maximization, Output Level, Profit Function
Level: Level 1

Topic: Operations Research
Series: MAY 2015

QT – May 2017 – L1 – Q1c – Basic Mathematics

Analyze the profit function to find the break-even point and number of boxes to make a profit.

Question

A paper-producing company has determined that its profit from selling $x$ hundred boxes of envelopes is given by the expression:

Required:

i) Determine the number of boxes the company must sell to break even.
(5 marks)

ii) Determine the number of boxes the company must sell to make money.
(5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Algebra, Break-even Analysis, Optimization, Profit Function, Quadratic Equation, Quadratic Equations
Level: Level 1

Topic: Basic Mathematics
Series: MAY 2017

QTB – May 2015 – L1 – SA – Q6 – Operations Research

Finding revenue changes, total cost, and profit using marginal cost and marginal revenue functions.

Question

In its efforts to reposition the fortune of the firm, the Board of Directors of AJE Enterprise Limited targeted a profit function of . The firm’s profit-maximizing output level is obtained as:

A. 2/5
B.
C. 8
D. 10
E. 16

Answer

Find Related Questions by Tags, levels, etc.

Tags: Maximization, Output Level, Profit Function
Level: Level 1

Topic: Operations Research
Series: MAY 2015

QT – May 2017 – L1 – Q1c – Basic Mathematics

Analyze the profit function to find the break-even point and number of boxes to make a profit.

Question

A paper-producing company has determined that its profit from selling $x$ hundred boxes of envelopes is given by the expression:

Required:

i) Determine the number of boxes the company must sell to break even.
(5 marks)

ii) Determine the number of boxes the company must sell to make money.
(5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Algebra, Break-even Analysis, Optimization, Profit Function, Quadratic Equation, Quadratic Equations
Level: Level 1

Topic: Basic Mathematics
Series: MAY 2017

Question Tag: Profit Function

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QTB – May 2015 – L1 – SA – Q6 – Operations Research

Finding revenue changes, total cost, and profit using marginal cost and marginal revenue functions.

QT – May 2017 – L1 – Q1c – Basic Mathematics

Analyze the profit function to find the break-even point and number of boxes to make a profit.

QTB – May 2015 – L1 – SA – Q6 – Operations Research

Finding revenue changes, total cost, and profit using marginal cost and marginal revenue functions.

QT – May 2017 – L1 – Q1c – Basic Mathematics

Analyze the profit function to find the break-even point and number of boxes to make a profit.

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Question Tag: Profit Function

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QTB – May 2015 – L1 – SA – Q6 – Operations Research

Finding revenue changes, total cost, and profit using marginal cost and marginal revenue functions.

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QT – May 2017 – L1 – Q1c – Basic Mathematics

Analyze the profit function to find the break-even point and number of boxes to make a profit.

You're reporting an error for "QT – May 2017 – L1 – Q1c – Basic Mathematics"

QTB – May 2015 – L1 – SA – Q6 – Operations Research

Finding revenue changes, total cost, and profit using marginal cost and marginal revenue functions.

You're reporting an error for "QTB – May 2015 – L1 – SA – Q6 – Operations Research"

QT – May 2017 – L1 – Q1c – Basic Mathematics

Analyze the profit function to find the break-even point and number of boxes to make a profit.

You're reporting an error for "QT – May 2017 – L1 – Q1c – Basic Mathematics"

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