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(e) At what number of items sold does the shoe manufacturer break even for weekly production? (f) What number of units sold to the retailers
(e) At what number of items sold does the shoe manufacturer break even for weekly production? (f) What number of units sold to the retailers will maximize weekly production profit? (g) Write a short summary describing the viability of the scenario. In your opinion, would this business model be sustainable over the long run? 1. Let the demand function for a particular basketball shoe be given by the function D(q)=-1.1q+200 where is the quantity of items in demand by retailers in a certain mall per week and D(9) is the price per item, in dollars, that can be charged when q units (a pair of shoes) are sold to the retailers. Suppose fixed costs of production for this item are $3000 and variable costs are $5 per item produced. (e) At what number of items sold does the shoe manufacturer break even for weekly production? (f) What number of units sold to the retailers will maximize weekly production profit? (g) Write a short summary describing the viability of the scenario. In your opinion, would this business model be sustainable over the long run? 1. Let the demand function for a particular basketball shoe be given by the function D(q)=-1.1q+200 where is the quantity of items in demand by retailers in a certain mall per week and D(9) is the price per item, in dollars, that can be charged when q units (a pair of shoes) are sold to the retailers. Suppose fixed costs of production for this item are $3000 and variable costs are $5 per item produced
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