It costs a coat manufacturer $8750 to make 125 coats and it costs $6500 to make 80 coats. Each coat is sold for $300. a. How much is the marginal cost? Round to two decimal places if rounding is necessary. b. What is the slope of the Profit function, P(x)? Round to two decimal
It costs a coat manufacturer $8750 to make 125 coats and it costs $6500 to make 80 coats. Each coat is sold for $300. a. How much is the marginal cost? Round to two decimal places if rounding is necessary. b. What is the slope of the Profit function, P(x)? Round to two decimal
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter12: Quadratic Functions
Section12.8: Joint And Combined Variation
Problem 8P
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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 $300.
a. How much is the marginal cost? Round to two decimal places if rounding is necessary.
b. What is the slope of the Profit function, P(x)? Round to two decimal places if rounding is necessary.
c. How many coats must be sold in order to break even? Round to the nearest whole number if rounding is necessary.
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