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midterm 1

# midterm 1 - IE 343 Fall 2009 Name Student ID IE 343 Midterm...

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IE 343 Fall 2009 Name: _______________________ Student ID: ___________________ 2 1. A company produces a memory chip that is used in manufacturing cell phones. The fixed cost is \$16,000 per month, and the variable cost is \$40 per chip. The selling price per unit is P=\$200 – 0.025D, where D is monthly demand. Maximum output of the plant is 3,600 units per month. a) Determine the demand quantity that maximizes profit.
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midterm 1 - IE 343 Fall 2009 Name Student ID IE 343 Midterm...

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