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Question 10 6 pts Marginal Prot Yaster Breakfast Supplies is planning to manufacture and market a new toaster. After conducting extensive market surveys the research
Question 10 6 pts Marginal Prot 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 316 at a price of $14 per toaster . a weekly demand of 197 at a price of $17 per toaster The financial department estimates that weekly fixed costs will be $1,409 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 prot when Yaster is producing and selling 268 toasters per week. Round to the nearest cent. $ per toaster Break- Even Analysis The table below contains pricedemand and total cost data for the production of treadmills, wherep is the wholesale price {in dollars} of a treadmill for an annual demard of m treadmills, and C is the total cost (in dollars) of producing m treadmills. :3 P ($1 0 {$1 2,910 1,450 3,634,000 3,415 1,275 3,782,000 4,645 1,123 4,185,000 5,330 918 4,290,000 Use this data to nd a linear regression equation for pricedemand data, using a: as the independent variable: 13 = as: + b, where a. is rounded to 1 decimal place and t;- is rounded to the nearest integer. Use this data to nd a linear regression model for the cost data, using a: as the independent variable: C(x) 2 cm + d. where c is rounded to the nearest integer and d is rounded to the nearest 10,000. Use these linear regression models to answer questions 11-14 below. Question 11 6 pts Use the linear regression models above to answer this question. Estimate the xed costs. Round to the nearest $10,000. % Question 12 6 pts Use the linear regression models above to answer this question. Estimate the variable cost per treadmill. Round to the nearest dollar. $ per treadmill produced Question 13 6 pts Use the linear regression models above to answer this question. There are two break-even points. Find the smaller production level where the company breaks even. Round to the nearest treadmill. treadmills Question 14 5 pts Use the linear regression models above to answer this question. There are two break-even points. Find the larger production level where the company breaks even. Round to the nearest treadmill. treadmills
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