A plant produces refrigerators at the rate of P units per day. The variable costs per refrigerator have been found to be $47.73 + 0.1 P1.2. The total daily fixed charges are $1750, and all other expenses are constant at $ 7325 per day. If the selling price per refrigerator is $173, determine: a) the daily profit at a production schedule giving the minimum cost per refrigerator. b) the daily profit at a production schedule giving the maximum daily profit. c) The production schedule at the break – even point

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A plant produces refrigerators at the rate of P units per day. The variable costs per refrigerator have been found to be $47.73 + 0.1 P1.2. The total daily fixed charges are $1750, and all other expenses are constant at $ 7325 per day. If the selling price per refrigerator is $173, determine: a) the daily profit at a production schedule giving the minimum cost per refrigerator. b) the daily profit at a production schedule giving the maximum daily profit. c) The production schedule at the break – even point
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