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Marginal Profit Yaster Breakfast Supplies is planning to manufacture and market a new toaster. After conducting extensive market surveys, the research department provides the following
Marginal Profit Yaster Breakfast Supplies is planning to manufacture and market a new toaster. After conducting extensive market surveys, the research department provides the following estimates: a weekly demand of 313 at a price of $14 per toaster . a weekly demand of 192 at a price of $17 per toaster The financial department estimates that weekly fixed costs will be $1,380 and variable costs (cost per unit) will be $5. Assume: . the relationship between price and demand is linear . the cost function in linear Use your models to predict the marginal profit when Yaster is producing and selling 247 toasters per week. Round to the nearest cent. per toaster
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