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Assume the following demand curve: Q = 50,400 - 1,200(P). Variable costs are estimated to be $25.04. Calculate total contribution margin at the optimal price.
Assume the following demand curve: Q = 50,400 - 1,200(P). Variable costs are estimated to be $25.04. Calculate total contribution margin at the optimal price. Round your answer to the nearest dollar.
Hello can you show please show me how you would solve this problem?
The correct answer is 86.292
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Managing Controlling and Improving Quality
Authors: Douglas C. Montgomery, Cheryl L. Jennings, Michele E. Pfund
1st edition
