6. A-One bakery in Brampton sells 350 fruit cakes slices each month for $3.25 each. They are looking for help to come up with a strategy to increase revenue. A student from our school who works their part time conducts a survey. The results of the survey indicate that sales of the fruit cake slices would increase by 80 per month for each $0.10 decrease in price. c. Determine the marginal revenue from the sales of 200 slices of fruit cake. d. The cost of producing x fruit cake slices is C(x) = -0.0005x² +1.5x + 300. Determine the marginal cost of producing 200 fruit cake slices.
6. A-One bakery in Brampton sells 350 fruit cakes slices each month for $3.25 each. They are looking for help to come up with a strategy to increase revenue. A student from our school who works their part time conducts a survey. The results of the survey indicate that sales of the fruit cake slices would increase by 80 per month for each $0.10 decrease in price. c. Determine the marginal revenue from the sales of 200 slices of fruit cake. d. The cost of producing x fruit cake slices is C(x) = -0.0005x² +1.5x + 300. Determine the marginal cost of producing 200 fruit cake slices.
Chapter18: Asymmetric Information
Section: Chapter Questions
Problem 18.3P
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![6. A-One bakery in Brampton sells 350 fruit cakes slices each month for $3.25 each. They are
looking for help to come up with a strategy to increase revenue. A student from our school
who works their part time conducts a survey. The results of the survey indicate that sales of
the fruit cake slices would increase by 80 per month for each $0.10 decrease in price.
c. Determine the marginal revenue from the sales of 200 slices of fruit cake.
d. The cost of producing x fruit cake slices is C(x) = -0.0005x² + 1.5x + 300.
Determine the marginal cost of producing 200 fruit cake slices.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcf200405-d4c1-457c-bdc1-8f3c7daea61c%2Fe896bfac-9986-4e46-8437-951cffdb76db%2Ff76a4km_processed.jpeg&w=3840&q=75)
Transcribed Image Text:6. A-One bakery in Brampton sells 350 fruit cakes slices each month for $3.25 each. They are
looking for help to come up with a strategy to increase revenue. A student from our school
who works their part time conducts a survey. The results of the survey indicate that sales of
the fruit cake slices would increase by 80 per month for each $0.10 decrease in price.
c. Determine the marginal revenue from the sales of 200 slices of fruit cake.
d. The cost of producing x fruit cake slices is C(x) = -0.0005x² + 1.5x + 300.
Determine the marginal cost of producing 200 fruit cake slices.
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