Help You've decided to sell sweatshirts for the upcoming game. You project that at a price of $34.08 per sweatshirt, you will be able to sell 110 shirts. In order to sell 330sweatshirts, you would need to lower the price to $18.24 per sweatshirt. In order to produce the sweatshirts, it costs you $2.94 per sweatshirt on top of fixed costs of$380. What price should you charge in order to earn a profit of $2600?Assume linear demand.You should charge a price of $ per sweatshirt in order to earn a profit of $2600.If there is more than one correct answer, separate them by a comma.If necessary, round to two decimal places. Do not include units.

The price of $34.08 per sweatshirt, 110 shirts are sold. Then to sell 330 sweatshirts the price is…

0. What price should you charge in order to earn a profit of $2600? ume linear demand. should charge a price of $ per sweatshirt in order to earn a profit of $2600. ere is more than one correct answer, separate them by a comma. ecessary, round to two decimal places. Do not include units.

0. What price should you charge in order to earn a profit of $2600? ume linear demand. should charge a price of $ per sweatshirt in order to earn a profit of $2600. ere is more than one correct answer, separate them by a comma. ecessary, round to two decimal places. Do not include units.

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter20: Consumer Choice And Elasticity

Section: Chapter Questions

Problem 2CQ

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Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.

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Help

You've decided to sell sweatshirts for the upcoming game. You project that at a price of $34.08 per sweatshirt, you will be able to sell 110 shirts. In order to sell 330
sweatshirts, you would need to lower the price to $18.24 per sweatshirt. In order to produce the sweatshirts, it costs you $2.94 per sweatshirt on top of fixed costs of
$380. What price should you charge in order to earn a profit of $2600?
Assume linear demand.
You should charge a price of $ per sweatshirt in order to earn a profit of $2600.
If there is more than one correct answer, separate them by a comma.
If necessary, round to two decimal places. Do not include units.

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