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LMN Corporation produces and sells widgets. They sell widgets by the box for $80 per box. It costs them $2000 per month for rent, utilities,
LMN Corporation produces and sells widgets. They sell widgets by the box for $80 per box. It costs them $2000 per month for rent, utilities, and equipment at their widget production facility. They pay one of their managers an extra $850 a month to oversee widget production on top of her regular duties. It costs $7 for raw materials and $16 in labor to produce each box of widgets.
1. What is LMN Corporation's marginal profit for their widget production line?
2. What is LMN Corporation's profit if they sell 150 boxes of widgets?
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