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Dana is a dot-com entrepreneur who has established a Web site at which people can design and buy abackpack. Dana pays $200 a month for
Dana is a dot-com entrepreneur who has established a Web site at which people can design and buy abackpack. Dana pays $200 a month for a Web server and Internet connection. The backpacks that customers design are made to order by another firm, and Dana pays this firm $10 a backpack. Dana has no other costs. The table shows the demand schedule for Dana's backpacks. What is Dana's profit-maximizing output, price, and economic profit? Question content area bottom left Part 1 Dana's profit-maximizing output is enter your response here backpacks a month. Dana's profit-maximizing price is $enter your response here a backpack. Part 2 Dana's economic profit is $enter your response here a month. . . . Question content area right Part 1 Price (dollars per backpack) Quantity (backpacks per month) 50 0 40 10 30 20 20 30 10 40 0 50
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