Merlin builds tables that she will sell for $200 per table. Her fixed costs for building the table is $1,000. Each table costs her $50 for the raw materials and $25 for each previous table made that day, which shows Merlin's increasing exhaustion. So, it means that the first table will cost her $50, the second table will cost $75, and so on... How many tables should merlin produce each day (Consider the nearest whole number)? 6 tables 7 tables 9 tables 10 tables

Merlin builds tables that she will sell for $200 per table. Her fixed costs for building the table is $1,000. Each table costs her $50 for the raw materials and $25 for each previous table made that day, which shows Merlin's increasing exhaustion. So, it means that the first table will cost her $50, the second table will cost $75, and so on... How many tables should merlin produce each day (Consider the nearest whole number)? 6 tables 7 tables 9 tables 10 tables

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter4: Utility Maximization And Choice

Section: Chapter Questions

Problem 4.12P

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