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Marginal Profit Yaster Breakfast Supplies is planning to manufacture and market a new toaster. After conducting extensive market surveys, the research department provides the following estimates: • a weekly demand of 299 at a price of $14 per toaster • a weekly demand of 191 at a price of $17 per toaster The financial department estimates that weekly fixed costs will be $1,414 and variable costs (cost per unit) will be $4. Assume: • the relationship between price and demand is linear • the cost function in linear Use your models to predict the marginal profit when Yaster is producing and selling 259 toasters per week. Round to the nearest cent. $. per toaster

Marginal Profit Yaster Breakfast Supplies is planning to manufacture and market a new toaster. After conducting extensive market surveys, the research department provides the following estimates: • a weekly demand of 299 at a price of $14 per toaster • a weekly demand of 191 at a price of $17 per toaster The financial department estimates that weekly fixed costs will be $1,414 and variable costs (cost per unit) will be $4. Assume: • the relationship between price and demand is linear • the cost function in linear Use your models to predict the marginal profit when Yaster is producing and selling 259 toasters per week. Round to the nearest cent. $. per toaster

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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Marginal Profit Yaster Breakfast Supplies is planning to manufacture and market a new toaster. After conducting extensive market surveys, the research department provides the following estimates: • a weekly demand of 299 at a price of $14 per toaster • a weekly demand of 191 at a price of $17 per toaster The financial department estimates that weekly fixed costs will be $1,414 and variable costs (cost per unit) will be $4. Assume: • the relationship between price and demand is linear • the cost function in linear Use your models to predict the marginal profit when Yaster is producing and selling 259 toasters per week. Round to the nearest cent. $. per toaster
Transcribed Image Text:Marginal Profit Yaster Breakfast Supplies is planning to manufacture and market a new toaster. After conducting extensive market surveys, the research department provides the following estimates: • a weekly demand of 299 at a price of $14 per toaster • a weekly demand of 191 at a price of $17 per toaster The financial department estimates that weekly fixed costs will be $1,414 and variable costs (cost per unit) will be $4. Assume: • the relationship between price and demand is linear • the cost function in linear Use your models to predict the marginal profit when Yaster is producing and selling 259 toasters per week. Round to the nearest cent. $. per toaster
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