You've decided to sell sweatshirts for the upcoming game. You project that at a price of $29.04 per sweatshirt, you will be able to sell 180 shirts. In order to sell 280 sweatshirts, you would need to lower the price to $21.84 per sweatshirt. In order to produce the sweatshirts, it costs you $2.43 per sweatshirt on top of fixed costs of $310. What price gives a marginal profit of $0 per item. Assume linear demand.

You've decided to sell sweatshirts for the upcoming game. You project that at a price of $29.04 per sweatshirt, you will be able to sell 180 shirts. In order to sell 280 sweatshirts, you would need to lower the price to $21.84 per sweatshirt. In order to produce the sweatshirts, it costs you $2.43 per sweatshirt on top of fixed costs of $310. What price gives a marginal profit of $0 per item. Assume linear demand.

Elementary Geometry For College Students, 7e

7th Edition

ISBN:9781337614085

Author:Alexander, Daniel C.; Koeberlein, Geralyn M.

Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.

Chapter8: Areas Of Polygons And Circles

Section8.5: More Area Relationships In The Circle

Problem 30E: At the Pizza Dude restaurant, a 12-in. pizza costs 5.40 to make, and the manager wants to make at...

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