You've decided to sell sweatshirts for the upcoming game. You project that at a price of $31.24 per sweatshirt, you will be able to sell 120 shirts. In order to sell 210 sweatshirts, you would need to lower the price to $24.67 per sweatshirt. In order to produce the sweatshirts, it costs you $2.23 per sweatshirt on top of fixed costs of $310. What price gives a marginal profit of $0 per item. Assume linear demand. You should charge a price of $ per sweatshirt. If necessary round to two decimal places Do pot includo unito

You've decided to sell sweatshirts for the upcoming game. You project that at a price of $31.24 per sweatshirt, you will be able to sell 120 shirts. In order to sell 210 sweatshirts, you would need to lower the price to $24.67 per sweatshirt. In order to produce the sweatshirts, it costs you $2.23 per sweatshirt on top of fixed costs of $310. What price gives a marginal profit of $0 per item. Assume linear demand. You should charge a price of $ per sweatshirt. If necessary round to two decimal places Do pot includo unito

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter22: Supply: The Costs Of Doing Business

Section: Chapter Questions

Problem 14E

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