A simple item that is to be sold at a small specialty store has $500 in fixed costs and $8 per item in variable costs. The owners assume they can sell 6 items if they charge $116 each, and 9 items at a price of $107 each. (You may and should assume that demand is a linear function for this problem.) For how many units sold/produced is the marginal profit 60 dollars per item? Answer: units. (Your answer should be a whole number.)

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
icon
Related questions
Question

help

A simple item that is to be sold at a small specialty store has $500 in fixed costs and $8 per item in variable
costs. The owners assume they can sell 6 items if they charge $116 each, and 9 items at a price of $107
each. (You may and should assume that demand is a linear function for this problem.) For how many units
sold/produced is the marginal profit 60 dollars per item?
Answer:
units.
(Your answer should be a whole number.)
Transcribed Image Text:A simple item that is to be sold at a small specialty store has $500 in fixed costs and $8 per item in variable costs. The owners assume they can sell 6 items if they charge $116 each, and 9 items at a price of $107 each. (You may and should assume that demand is a linear function for this problem.) For how many units sold/produced is the marginal profit 60 dollars per item? Answer: units. (Your answer should be a whole number.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781285741550
Author:
James Stewart
Publisher:
Cengage Learning
Thomas' Calculus (14th Edition)
Thomas' Calculus (14th Edition)
Calculus
ISBN:
9780134438986
Author:
Joel R. Hass, Christopher E. Heil, Maurice D. Weir
Publisher:
PEARSON
Calculus: Early Transcendentals (3rd Edition)
Calculus: Early Transcendentals (3rd Edition)
Calculus
ISBN:
9780134763644
Author:
William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz
Publisher:
PEARSON
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781319050740
Author:
Jon Rogawski, Colin Adams, Robert Franzosa
Publisher:
W. H. Freeman
Precalculus
Precalculus
Calculus
ISBN:
9780135189405
Author:
Michael Sullivan
Publisher:
PEARSON
Calculus: Early Transcendental Functions
Calculus: Early Transcendental Functions
Calculus
ISBN:
9781337552516
Author:
Ron Larson, Bruce H. Edwards
Publisher:
Cengage Learning