Assume the following demand curve: Q = 50,400 1,200(P). Variable costs are estimated to be $25.06. Calculate total - contribution margin at the optimal price. Round your answer to the nearest dollar. correct answer: 86089 please show steps

Assume the following demand curve: Q = 50,400 1,200(P). Variable costs are estimated to be $25.06. Calculate total - contribution margin at the optimal price. Round your answer to the nearest dollar. correct answer: 86089 please show steps

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter14: Pricing Techniques And Analysis

Section: Chapter Questions

Problem 2E: The price elasticity of demand for air travel differs radically from first-class (1.3) to...

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Assume the following demand
curve: Q = 50,400 1,200(P).
Variable costs are estimated to be
$25.06. Calculate total
contribution margin at the optimal
price. Round your answer to the
nearest dollar.
correct answer: 86089
please show steps

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