Consider the following revenue and cost functions where the…

Consider the following revenue and cost functions where the number of units x is in hundreds and R(x) and C(x) are in thousands: R(x)=70x-4×2, C(x)=30x+50{“version”:”1.1″,”math”:”R(x)=70x-4×2, C(x)=30x+50″} How many units must be sold to achieve maximum profit?

You are RM analyst at an event production company. The owner…

You are RM analyst at an event production company. The owner of the company asked you to perform a pricing analysis of a Rum tasting event in September in South Florida, which is going to target not only local residents, but also travelers in South Florida. The company pays $152,000 fixed expense a month. The average variable cost percentage of alcohol beverage tasting event is 35%. (Assume that this even is only the event that the company has planned on producing once a year). Calculate Breakeven Sales for the proposed event. You estimated that there would be a minimum of 1,000 attendees. Then what is the breakeven ticket price per person? The owner wants 52% profit margin out of each ticket. Calculate the desired ticket price.