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 tl materials and $25 for each previous table made that day, which shows Merlin's increasing exhaustion. So, it means that the first table w her $50, the second table will cost $75, and so on... How many tables should merlin produce each day (Consider the nearest whole numbe O 7 tables 10 tables 6 tables 9 tables Next

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Cost Of Production
Section12.4: Costs In The Short Run And In The Long Run
Problem 4QQ
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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)?
7 tables
10 tables
6 tables
v 9 tables
Next
Transcribed Image Text: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)? 7 tables 10 tables 6 tables v 9 tables Next
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