Question 4 (0.375 points) Maxime Ltd. has established their products selling price as P=$24 -0.2X,...
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Question 4 (0.375 points) Maxime Ltd. has established their products selling price as P=$24 -0.2X, where X represents the number of units sold. They also estimate their variable costs to be $2 per unit plus fixed cost of $300. If the company is trying to gain market share, but does not want to lose money, how many units should they produce and sell to breakeven? Breakeven occurs where Profit = 0, let the profit function equal zero and use the quadratic formula to solve. The only plausible solution is where X = 15.95 or X= 94.05 Breakeven occurs where Profit = 0, let the profit function equal zero and use the quadratic formula to solve. The only plausible solution is where X = 20.8 or X = 80.55 Breakeven occurs where Profit = 1, let the profit function equal zero and use the quadratic formula to solve. The only plausible solution is where X = 16.6 or X = 77.55 Breakeven occurs where Profit = 0, let the profit function equal zero and use the quadratic formula to solve. The only plausible solution is where X = 10.2 or X = 100.98
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