Explain how to figure out the number of tubes each company would need to manufacture and sell to earn a profit that is greater than 0. What is the minimum number of lip color tubes each company would need to manufacture and sell in order to earn a profit greater than 0? The Alcone CompanyThis company makes a popular shade of lipcolor that retails for $45 per tube. The lipcolor costs The Alcone Company $36 pertube to make and the monthly costsassociated with manufacturing just thiscolor are $1,500.Besame BeautyA popular shade of lip color from thiscompany costs the consumer $55 per tube.The process to make the lip color costsBesame Beauty $44 per tube and themonthly costs associated with this are$2,200.

The term "manufacturing" basically refers to the process of transforming raw materials or component…

Answered: Explain how to figure out the number of…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Explain how to figure out the number of tubes each company would need to manufacture and sell to earn a profit that is greater than 0. What is the minimum number of lip color tubes each company would need to manufacture and sell in order to earn a profit greater than 0?

The Alcone Company
This company makes a popular shade of lip
color that retails for $45 per tube. The lip
color costs The Alcone Company $36 per
tube to make and the monthly costs
associated with manufacturing just this
color are $1,500.
Besame Beauty
A popular shade of lip color from this
company costs the consumer $55 per tube.
The process to make the lip color costs
Besame Beauty $44 per tube and the
monthly costs associated with this are
$2,200.

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