=1.5. Reconsider the problem facing the management of the Special Products Company as presented in Section 1.2.

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=1.5. Reconsider the problem facing the management of the Special Products Company as presented in Section 1.2.

A more detailed investigation now has provided better estimates of the data for the problem. The fixed cost of initiating production of the limited edition grandfather clocks still is estimated to be $50,000, but the new estimate of the marginal cost is

$500. The revenue from each grandfather clock sold now is estimated to be $700.

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