You are appointed as Production manager at an engineering plant where annual fixed cost is Cf, Variable cost is NV, regulated cost NR and sales realization, NS, as follows, where N is # of units produced.
Cf=$20,000
NV= 500./unit
NR = 15,000+30 N^1.5
Price/unit-2000 - 7.5 N
a) Find the range of profit b) Find Maximum profit. c) Find the average cost. d) Minimum variable cos