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22-01-2023
Business

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Vincent Price makes dining tables, and he is trying to decide how many tables to produce. He can sell each dining table for $3,500. The cost of the first table is $2,000, for the second it's $2,500. For each additional table he produces, the marginal cost of each table increases by $500. How many dining tables should Vincent produce, and what is the total cost of his production?

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