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Maria's Market plans a special promotion reducing the price of organic carrots from $2.00 to $1.50 for a week. Advertising costs $600. Maria expects organic
Maria's Market plans a special promotion reducing the price of organic carrots from $2.00 to $1.50 for a week. Advertising costs $600. Maria expects organic carrot sales to increase by 35%, but expects a 10% drop in organic potatoes sales. Weekly data are:
Product | Sales Price | Variable Costs | Sales Volume |
Organic Carrots | $2.00 | $1.00 | 600 |
Organic Potatoes | $1.50 | $0.75 | 700 |
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