Penny is making pipe cleaner flowers to sell on etsy for 1


Penny is making pipe cleaner flowers to sell on Etsy for $1 apiece. Penny and her friends become more efficient as they gain practice in flower production. The first 100 flowers cost $1.50 apiece. The next 100 cost $1.25 apiece. The next 100 cost $1.00 apiece. The next 100 cost $0.75 apiece. All the rest cost $0.50 apiece. What is the marginal cost of the 350th flower? What is the marginal profit? If Penny sells 1000 flowers, how much profit does she earn in total?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Penny is making pipe cleaner flowers to sell on etsy for 1
Reference No:- TGS0939740

Expected delivery within 24 Hours