Question

​You've decided to sell sweatshirts for the upcoming game. You project that at a price of...

​You've decided to sell sweatshirts for the upcoming game. You project that at a price of ​$27.13 per​ sweatshirt, you will be able to sell 190 shirts. In order to sell 310 ​sweatshirts, you would need to lower the price to ​$18.37 per sweatshirt. In order to produce the​ sweatshirts, it costs you ​$2.59 per sweatshirt on top of fixed costs of ​$390. What price should you charge in order to earn maximize your​ profit? Assume linear demand.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
You've decided to sell sweatshirts for the upcoming game. You project that at a price of...
You've decided to sell sweatshirts for the upcoming game. You project that at a price of ​$36.48 per​ sweatshirt, you will be able to sell 120 shirts. In order to sell 290 ​sweatshirts, you would need to lower the price to ​$24.41 per sweatshirt. In order to produce the​ sweatshirts, it costs you ​$2.15 per sweatshirt on top of fixed costs of ​$380. What price should you charge in order to earn maximize your​ profit? Assume linear demand.
You've decided to sell sweatshirts for the upcoming game. You project that at a price of...
You've decided to sell sweatshirts for the upcoming game. You project that at a price of ​$35.80 per​ sweatshirt, you will be able to sell 100 shirts. In order to sell 340 sweatshirts, you would need to lower the price to ​$18.52 per sweatshirt. In order to produce the​ sweatshirts, it costs you ​$2.27 per sweatshirt on top of fixed costs of ​$350. What price should you charge in order to earn a profit of ​$1900​? Assume linear demand.
You've decided to sell sweatshirts for the upcoming game. You project that at a price of...
You've decided to sell sweatshirts for the upcoming game. You project that at a price of ​$31.36 per​ sweatshirt, you will be able to sell 120 shirts. In order to sell 350 ​sweatshirts, you would need to lower the price to $14.80 per sweatshirt. In order to produce the​ sweatshirts, it costs you ​$2.76 per sweatshirt on top of fixed costs of ​$320320. What price should you charge in order to earn a profit of $2400.Assume linear demand.
​You've decided to sell sweatshirts for the upcoming game. You project that at a price of...
​You've decided to sell sweatshirts for the upcoming game. You project that at a price of ​$30.42 per​ sweatshirt, you will be able to sell 170 shirts. In order to sell 260 ​sweatshirts, you would need to lower the price to ​$23.76 per sweatshirt. In order to produce the​ sweatshirts, it costs you ​$2.31 per sweatshirt on top of fixed costs of ​$380. Find the revenue if the marginal profit is​ $0 per item. Assume linear demand.
You are considering how to invest part of your retirement savings. You've decided to put $400,000...
You are considering how to invest part of your retirement savings. You've decided to put $400,000 into three stocks: 52% of the money in GoldFinger (currently $23/share), 16% of the money in Moosehead (currently $97/share), and the remainder in Venture Associates (currently $1/share). Suppose GoldFinger stock goes up to $32/share, Moosehead stock drops to $68/share, and Venture Associates stock rises to $6 per share. a. What is the new value of the portfolio? b. What return did the portfolio earn?...
Suppose you have decided to start a business producing and selling a product of your choice...
Suppose you have decided to start a business producing and selling a product of your choice from the following options: custom birthday cakes, lawn mowers or sports jackets. For your essay, answer the following questions related to your product: Briefly describe the product you would produce and sell. What market will you target this product for? At what price would you sell your product? Make a projection of your sales in units for the first year of operations. Make a...
Cane Company manufactures two products called Alpha and Beta that sell for $210 and $172, respectively....
Cane Company manufactures two products called Alpha and Beta that sell for $210 and $172, respectively. Each product uses only one type of raw material that costs $8 per pound. The company has the capacity to annually produce 128,000 units of each product. Its unit costs for each product at this level of activity are given below: Alpha Beta   Direct materials $ 40 $ 24   Direct labor 38 34   Variable manufacturing overhead 25 23   Traceable fixed manufacturing overhead 33 36...
1.A firm is a pure monopoly when: a.it is the only seller of a unique product...
1.A firm is a pure monopoly when: a.it is the only seller of a unique product and barriers to entry prevent other sellers from entering the market in the long run. b.it is the only seller of a product that has very few close substitutes and entry into the market in the long run is unrestricted. c.there are only a few other very large firms selling similar products. d.it can sell all it can produce at any price it chooses....
1. What are the requirements for successful price discrimination? Does this type of dry cleaning qualify?...
1. What are the requirements for successful price discrimination? Does this type of dry cleaning qualify? 2. What are other examples of price discrimination? 3. The effectiveness of price discrimination is a different question than whether businesses should be able to discriminate by price. Is this an issue that deserves regulation, or is it best left to the market? Why Women Pay More From dry cleaning to haircuts, women often pay more than men due to gender pricing. Find out...
MICRO Economics ASSIGNMENT Total marks= 20 Answer the below questions. 1. The economy of the university...
MICRO Economics ASSIGNMENT Total marks= 20 Answer the below questions. 1. The economy of the university town of Avicenna produces two and only two commodities: yoga lessons, and triple lattes. The economy is able to produce any of the following combinations of yoga and lattes per day: CLO 1 [4 MARKS] Daily Production in Avicenna Combination Yoga Lessons Triple Lattes A 5000 0 B 4000 9000 C 3000 16000 D 2000 21000 E 1000 24000 F 0 25000 a) Using...