Suppose you are an analyst for the Coca-Cola Company. An individuals' inverse demand for Coca-Cola is estimated to be P= 98- 4Q (in cents). If Coca-Cola is produced according to the following cost function C(Q)= 1,000+ 2Q (in cents), compute the optimal price and the number of cans to sell as a single package. O $1200 per package and 12 cans O $11.52 per package and 12 cans O $15 per package and 16.67 cans O $12 per package and 24 cans

Suppose you are an analyst for the Coca-Cola Company. An individuals' inverse demand for Coca-Cola is estimated to be P= 98- 4Q (in cents). If Coca-Cola is produced according to the following cost function C(Q)= 1,000+ 2Q (in cents), compute the optimal price and the number of cans to sell as a single package. O $1200 per package and 12 cans O $11.52 per package and 12 cans O $15 per package and 16.67 cans O $12 per package and 24 cans

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 3E

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