A simple item that is to be sold at a small specialty store has $250 in fixed costs and $10 per item in variable costs. The owners assume they can sell 9 items if they charge $40 each, and 10 items at a price of $32 each. (You may and should assume that demand is a linear function for this problem.)
Required:
For how many units sold/produced is the marginal profit -106 dollars per item?
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A simple item that is to be sold at a small specialty store has $250 in fixed costs and $10 per item...
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