10 points The American Baker's Association reports that annual sales of bakery goods last year rose 15 percent, driven by a 50 percent increase in
10 points The American Baker's Association reports that annual sales of bakery goods last year rose 15 percent, driven by a 50 percent increase in the demand for bran muffins. Most of the increase was attributed to a report that diets rich in bran help prevent certain types of cancer. You are the manager of a bakery that produces and packages gourmet bran muffins, and you currently sell bran muffins in packages of three. However, as a result of this new report, a typical consumer's inverse demand for your bran muffins is now P=5 - 05Q. If your cost of producing bran muffins is (@) = 1.5Q, determine the optimal number of bran muffins to sell in a single package and the optimal package price. Instructions: Enter you Optimal package size: response for the optimal package price rounded to two decimal places. 35| @ units Optimal package price: $ | 3.25 o 10 points The American Baker's Association reports that annual sales of bakery goods last year rose 15 percent, driven by a 50 percent increase in the demand for bran muffins. Most of the increase was attributed to a report that diets rich in bran help prevent certain types of cancer. You are the manager of a bakery that produces and packages gourmet bran muffins, and you currently sell bran muffins in packages of three. However, as a result of this new report, a typical consumer's inverse demand for your bran muffins is now P=5-05Q. If your cost of producing bran muffins is (Q) = 1.5Q, determine the optimal number of bran muffins to sell in a single package and the optimal package price. Instructions: Enter your response for the optimal package price rounded to two decimal places. Optimal package size: 7| @ units Optimal package price: $| 1.50 o
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