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e: sin-as. A shop sells two competing brands of socks, Levis and Gap. Each pair of socks is obtained at a cost of 4 dollars
e: sin-as. A shop sells two competing brands of socks, Levis and Gap. Each pair of socks is obtained at a cost of 4 dollars per pair. The manager estimates that if he sells the Levis socks for x dollars per pair and the Gap socks for y dollars per pair, then consumers will buy 16 %x + 2y pairs of Levis socks and 1 + 2x gy pairs of Gap socks. How should the manager set the prices so that the prot will be maximized? Remember: Profit = All Revenues - All Expenses/Costs Round your answers to the nearest cent. K=| lly=| l Submit Answer Tries 0/99
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