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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 295 at a price of $15 per toaster . a weekly demand of 191 at a price of $17 per toaster The financial department estimates that weekly fixed costs will be $1,415 and variable costs (cost per unit) will be $4. 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 245 toasters per week. Round to the nearest cent. $ per toaster
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