A company has determine the price and the monthly demand of its products are related by the equation D= √400-p where p is the price per unit in dollar and D is the monthly demand. The associated fixed costs are $1,125 per month and the variable costs are $100/unit. Use this information to answer the following:  What is the optimal number of units that should be produced and sold each month?  Determine the value of D that represents the break-even point?

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Cost of Production

In economic theory, production costs are the costs incurred by an industrial organization when it engineers a project or provides a service that generates revenue and benefits. Labor costs, raw materials, consumable manufacturing costs, and general overhead sum up, accounting for production costs. Total cost data is calculated by combining total direct costs of materials, labor costs, and total production costs.