Sweaters sell for $20 at the crafts fair. Allie knits sweaters and her marginal costs are given
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Sweaters sell for $20 at the crafts fair. Allie knits sweaters and her marginal costs are given in the table below. Allie’s marginal costs increase with each additional sweater. If Allie is behaving rationally, how many sweaters will she sell?
Marginal Cost ($) | |
1st sweater | 3 |
2nd sweater | 6 |
3rd sweater | 10 |
4th sweater | 16 |
5th sweater | 23 |
6th sweater | 30 |
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