Questions before the picture are answered and should clarify the Units sold in C

Question

Questions before the picture are answered and should clarify the  Units sold in C4 that the questions mention

APEX Company manufactures and sells medical equipment throughout
Canada. Its total revenue and cost functions are given below:
• Total revenue = 200Q – 2Q2 where Q = units of equipment produced.
• Total cost = 500 + 30Q – 3Q2 + Q3/3

12. The cost (to the nearest dollar) per unit of medical equipment produced at
the level in C4. is
a) $172; b) $36; c) $53; d) $89.
13. The revenue (to the nearest dollar) per unit of medical equipment sold at
the level in C4. is
a) $172; b) $36; c) $53; d) $89.
14. The profit (to the nearest dollar) per unit of medical equipment sold at the
level in C4. is
a) $185; b) $83; c) $85; d) $89.

• Break Even: TR = Tc dov Q - 20° - Sn + 308 - 381 Ito +a°f& -500 = 0 - 30°-8° 5r08 - Isn = 0 3 8 23.21 a : 2.94 • T = T -10 - 34°-8°+5108 -15 MAXn, 27. 68 - 30° + S10 =0 &= -61 S 36- Re -10 m (= 1 • Tve - 309 - 3d 40 - 3014) - (149° + y - 445 | ) • To = 50m tTve - som + aus - 4 124s ca) • TR = 2 0-20°, aw(H) -a04), $2408 $ 2410) - V C - TVC = #4s, 53.21 x 4 53] e) 14

Explanation / Answer

12) Average cost = TC/Q = 1245/14 = $89 (Option d)

13) Average revenue = TR/Q = 2410/14 = $172 (Option a)

14) Profit = TR - TC = 2410 - 1245 = $1165

Average profit = Profit/Q = 1165/14 = $83 (Option b)

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