4. Millie manufactures potteries which requires renting a workshop at AED 30,000 per month and hiring a pottery oven at AED 10,000 per month. Her variable cost per month is given in the table below; Quantity of potteries Variable cost per month (AED) 0 0 500 5,000 1000 8,000 1500 9,000 2000 14,000 2500 20,000 3000 34,000 3500 50,000 4000 72,000
4. Millie manufactures potteries which requires renting a workshop at AED 30,000 per month and hiring a pottery oven at AED 10,000 per month. Her variable cost per month is given in the table below; Quantity of potteries Variable cost per month (AED) 0 0 500 5,000 1000 8,000 1500 9,000 2000 14,000 2500 20,000 3000 34,000 3500 50,000 4000 72,000
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter4: Extent (how Much) Decisions
Section: Chapter Questions
Problem 3MC
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