Let C19) represent the cost and Ri9) represent the revenue, in dollars, of producing 4 items. (a) If C(50) = 4400 and C (50) = 25 , estimate C(54) . C(54) = $ (b) If C (50) = 25 and R (50) = 37 , approximately how much profit is earned by the 51 st %3D item? The profit on the 51 st dollars. item is (c) If C (100) = 33 and R (100) = 37, should the company produce the 101 st item? 101 The company produce the item.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter8: Cost Analysis
Section: Chapter Questions
Problem 9E
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Let C19) represent the cost and Ri9) represent the revenue, in dollars, of producing 4 items.
(a) If C(50)
= 4400 and C (50) = 25 , estimate C(54) .
C(54) = $
(b) If C (50) = 25 and R (50) = 37 , approximately how much profit is earned by the 51 st
%3D
item?
The profit on the 51 st
dollars.
item is
(c) If C (100) = 33 and R (100) = 37, should the company produce the
101 st item?
101
The company
produce the
item.
Transcribed Image Text:Let C19) represent the cost and Ri9) represent the revenue, in dollars, of producing 4 items. (a) If C(50) = 4400 and C (50) = 25 , estimate C(54) . C(54) = $ (b) If C (50) = 25 and R (50) = 37 , approximately how much profit is earned by the 51 st %3D item? The profit on the 51 st dollars. item is (c) If C (100) = 33 and R (100) = 37, should the company produce the 101 st item? 101 The company produce the item.
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