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Sheffield Cheese Company has developed a new cheese slicer called Slim Slicer. The company plans to sell this slicer through its online website. Given market
Sheffield Cheese Company has developed a new cheese slicer called Slim Slicer. The company plans to sell this slicer through its online website. Given market research, Sheffield believes that it can charge \\( \\$ 30 \\) for the Slim Slicer. Prototypes of the Slim Slicer, however, are costing \\( \\$ 33 \\). By using cheaper materials and gaining efficiencies in mass production, Sheffield believes it can reduce Slim Slicer's cost substantially. Sheffield wishes to earn a return of \30 of the selling price. (a) Compute the target cost for the Slim Slicer. Target cost \\( \\$ \\)
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