Sophia's Ceramics produces figurines for novelty gift shops in tourist areas. Each week she can produce 1
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Sophia's Ceramics produces figurines for novelty gift shops in tourist areas. Each week she can produce units of a design for $ in costs, but many must be discarded due to imperfections. She adjusts the process and eliminates more imperfections each week. She can expect her yield of sellable figurines to be the first week but to increase by each.What is her initial cost per figurine in the th week?
Sophia must set a price before she starts producing. If she expects a total demand of units, what is her breakeven price?
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