Penny is making pipecleaner flowers

Assignment Help Business Economics

Reference no: EM13995328

Penny is making pipecleaner flowers to sell on Etsy for $1 each. Penny and her friends become more efficient as they gain practice in flower production. The first 100 flowers cost $1.35 each. The next 100 cost $1.20 each. The next 100 cost $1.10 each. The next 100 cost $0.70 each. All the rest cost $0.40 each. What is the marginal cost of the 340th flower? What is the marginal profit of the 340th flower? If Penny sells 1000 flowers, how much profit does she earn in total?

Reference no: EM13995328

Questions Cloud

Poisson distributed in the county households : For a random sample of households in a county, file XR13085 lists the number of TV sets owned by each of the households in the study. Using the 0.025 level of significance, test whether x 5 the number of television sets per household could be Pois..

What is ethical and socially responsible marketing : What is ethical and socially responsible marketing and why should marketers be concerned about CSR and sustainability?What factors contributed to the marketing success of Fiji Water?

What should the long-run inflation rate be : If the money supply is growing at 8%, the real rate of growth of GDP is 2%, and financial innovations are reducing the demand for money by 0.5% per year, what should the long-run inflation rate be?

How far from the right end of the beam should support b : In the same diagram construct two graphs showing the upward forces FA and FB exerted on the beam at points A and B as functions of the coordinate x of the boy. Let 1 cm = 100 N vertically, and let 1 cm = 1.00 m horizontally.

Penny is making pipecleaner flowers : Penny is making pipecleaner flowers to sell on Etsy for $1 each. Penny and her friends become more efficient as they gain practice in flower production. The first 100 flowers cost $1.35 each. All the rest cost $0.40 each. What is the marginal cost of..

Identify and quantify to complete the road king trucks case : Complete the case study analysis with financial calculations and analysis on an Excel spreadsheet to support your analysis - How much importance should be given to the energy cost situation and what are the project's cash flows for the next twenty ye..

The strategic officers steering committee : Describe the process that you plan to use to conduct research, identify findings, and develop the Comprehensive Project that is due in Unit 5. Unit 5 is a final report on ToolsCorp located it in Tennessee. As a team we have been tasked to put togethe..

How does this approach differ from united state gaap : BA's inventories are valued at the lower of cost and net realizable value. How does this approach differ from U.S. GAAP?

Independent of estimation accuracy : At the 0.025 level of significance, test whether customer size might be independent of estimation accuracy.

User Account

All Pages