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

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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Question

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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