Question

A company plans to sell a new product at $5 per unit. Variable costs per unit may be $1 (with a probability of 0.75) or $1.20. Fixed costs per week are $2000 and demand per week may be 700 units (probability 0.6) or 1100 units. What is the expected weekly profit assuming that production is adjusted to demand?

Answer 1

Answer:

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Step-by-step explanation:

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