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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

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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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
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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