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The manufacturer sells the article for a fixed price of $2.00. He guarantees to refund the purchase money to any customer who finds the weight of his article to be less than 8.25 oz. His cost of production is related to the weight of the article by the relation x/15 0.35. Find the expected profit per article.

Respuesta :

anthougo

The expected profit per article for this manufacturer is $1.10.

Data and Calculations:

Fixed selling price per unit = $2.00

Weight = 8.25 oz

Cost of production = x/15 + 0.35

where x = weight

Total cost of production = 8.25/15 + 0.35

= 0.55 + 0.35

= $0.90

Profit per unit = $1.10 ($2.00 - $0.90)

Thus, the expected profit per article is $1.10.

Learn more: https://brainly.com/question/19264460

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