ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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It costs a coat manufacturer $8750 to make 125 coats and it costs $6500 to make 80 coats.  Each coat is sold for $250.

     a. How much is the marginal cost?  Round to two decimal places if rounding is necessary.  Do not enter a fraction.  There is a $ sign next to the answer box, so do not type a $ sign in your answer.  Only type a number (do not type any units on your answer).

     $  

     b. What is the slope of the Profit function, P(x)?  Round to two decimal places if rounding is necessary.  Do not enter a fraction.  There is a $ sign next to the answer box, so do not type a $ sign in your answer.  Only type a number (do not type any units on your answer).

     $ 

     c. How many coats must be sold in order to break even?  Round to the nearest whole number if rounding is necessary.  Do not enter a fraction.  Only type a whole number (do not type any units on your answer).

      

It costs a coat manufacturer $8750 to make 125 coats and it costs $6500 to make 80 coats. Each coat is sold for $250.
a. How much is the marginal cost? Round to two decimal places if rounding is necessary. Do not enter a fraction. There is
a $ sign next to the answer box, so do not type a $ sign in your answer. Only type a number (do not type any units on your
answer).
$
b. What is the slope of the Profit function, P(x)? Round to two decimal places if rounding is necessary. Do not enter a
fraction. There is a $ sign next to the answer box, so do not type a $ sign in your answer. Only type a number (do not type
any units on your answer).
$
c. How many coats must be sold in order to break even? Round to the nearest whole number if rounding is necessary. Do
not enter a fraction. Only type a whole number (do not type any units on your answer).
coats
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Transcribed Image Text:It costs a coat manufacturer $8750 to make 125 coats and it costs $6500 to make 80 coats. Each coat is sold for $250. a. How much is the marginal cost? Round to two decimal places if rounding is necessary. Do not enter a fraction. There is a $ sign next to the answer box, so do not type a $ sign in your answer. Only type a number (do not type any units on your answer). $ b. What is the slope of the Profit function, P(x)? Round to two decimal places if rounding is necessary. Do not enter a fraction. There is a $ sign next to the answer box, so do not type a $ sign in your answer. Only type a number (do not type any units on your answer). $ c. How many coats must be sold in order to break even? Round to the nearest whole number if rounding is necessary. Do not enter a fraction. Only type a whole number (do not type any units on your answer). coats
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