A jeweler is considering producing a limited edition diamond bracelet, and she is trying to decide how many bracelets to produce. The table gives her estimated total cost for various production levels as well as the price she would charge for each bracelet. Number of bracelets 100 200 300 Total cost (thousands) $215 $420 $625 $820 $ Price per bracelet $7900 $7400 $5900 $5000 $4200 $3600 400 500 $1015 600 $1205 (a) of the production levels listed in the table, which gives the highest profit? (b) Estimate the marginal cost and marginal revenue when 400 bracelets are made. marginal cost $ marginal revenue
A jeweler is considering producing a limited edition diamond bracelet, and she is trying to decide how many bracelets to produce. The table gives her estimated total cost for various production levels as well as the price she would charge for each bracelet. Number of bracelets 100 200 300 Total cost (thousands) $215 $420 $625 $820 $ Price per bracelet $7900 $7400 $5900 $5000 $4200 $3600 400 500 $1015 600 $1205 (a) of the production levels listed in the table, which gives the highest profit? (b) Estimate the marginal cost and marginal revenue when 400 bracelets are made. marginal cost $ marginal revenue
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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