Penny is making pipe cleaner flowers to sell on Etsy for $1 each. Penny and her friends

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Penny is making pipe cleaner flowers to sell on Etsy for $1 each. Penny and her friends become more efficient as they gain practice in flower production. The first 100 flowers cost $1.35 each. The next 100 cost $1.20 each. The next 100 cost $1.10 each. The next 100 cost $0.70 each. All the rest cost $0.40 each. What is the marginal cost of the 340th flower? What is the marginal profit of the 340th flower? If Penny sells 1000 flowers, how much profit does she earn in total?
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Introduction To Materials Management

ISBN: 978-9386873248

8th edition

Authors: Arnold J. R. Tony, Gatewood Ann K., M. Clive Lloyd N. Chapman Stephen

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