Suppose that Tyrex produces desks, and a regulation stipulates that they may charge at maximum 35% more than their average cost. Suppose that the materials to produce 1 unit of output cost $115 and that the per unit labor cost is $200. What is the maximum price that Tyrex may charge for a desk?
a) $402.25
b) $417.75
c) $452.25
d) $467.75
