A simple item that is to be sold at a small specialty store has $350 in fixed
Fantastic news! We've Found the answer you've been seeking!
Question:
A simple item that is to be sold at a small specialty store has $350 in fixed costs and $2 per item in variable costs. The owners assume they can sell 9 items if they charge $139 each, and 5 items at a price of $159 each. (You may and should assume that demand is a linear function for this problem.) For how many units sold/produced is the marginal profit 32 dollars per item?
Posted Date: