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. You decide to start selling laser cut coasters. You spend $1500 on a laser cutter. Each coaster costs $3 in material to produce. You sell then for $7. (a) What is your cost function? (b) What is your revenue functions? (c) What is your profit function? (d) How many coasters do you need to sell to break even?

. You decide to start selling laser cut coasters. You spend $1500 on a laser cutter. Each coaster costs $3 in material to produce. You sell then for $7. (a) What is your cost function? (b) What is your revenue functions? (c) What is your profit function? (d) How many coasters do you need to sell to break even?

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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5. You decide to start selling laser cut coasters. You spend $1500 on a laser cutter. Each coaster costs $3 in material to produce. You sell then for $7. (a) What is your cost function? (b) What is your revenue functions? (c) What is your profit function? (d) How many coasters do you need to sell to break even?
Transcribed Image Text:5. You decide to start selling laser cut coasters. You spend $1500 on a laser cutter. Each coaster costs $3 in material to produce. You sell then for $7. (a) What is your cost function? (b) What is your revenue functions? (c) What is your profit function? (d) How many coasters do you need to sell to break even?
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