Name:
Class Ib:
U
Midterm 2
-
Makeup Problem
Instructions:
Complete this problem individually. You may use your notes and/or textbook, but no other outside
sources. You should work alone. You should NOT discuss this problem with anyone else. You may
NOT get help at the tutoring center or from a tutor. You may use a calculator. Make sure to
show the work that supports your answer on a copy of this paqe printed from a computer. Be sure
that your work is organized and legible.
This must be turned in by 8:35am on Friday. April w
5
’. will not accept late submissions for
any reason. I will accept early submissions. You can earn up to 15 points on Midterm 2, but not
more than the difference of 90 and your score.
1. Suppose a company has fixed costs of $4500 and variable costs of
+
156) dollars per
unit, where xtotal # of units produced. Suppose that its selling price is (326
per unit.
a) What is the minimum cost?
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