Roberta Coy makes custom mooring covers for boats. Each mooring cover is hand sewn to fit a
Question:
Mooring Covers Made Total Cost of Covers
1 ............... $450
2................ 850
3 ............... 1.210
4 ............... 1,540
5 ............... 1,850
Required: Compute the following:
1. Marginal cost of second mooring cover.
2. Marginal cost of fourth mooring cover.
3. Marginal cost of fifth mooring cover.
4. Average cost if two mooring covers are made.
5. Average cost if four mooring covers are made.
6. Average cost if five mooring covers are made.
Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...
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