Question
Q=6004P where Q = days. MC= $50 per customer. the store is paying a rent of $2,000 per day. a) What is the profit-maximizing number
Q=6004P where Q = days. MC= $50 per customer. the store is paying a rent of $2,000 per day.
a) What is the profit-maximizing number of customers the store should have each day, and what price should the store charge to maximize profit?
b. what is the elasticity of demand
c. what is the profit of the store at the price and quantity.
d. what is the markup percentage of its price (liniar Index)
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Profit Maximization and Price Determination Given Information Demand Function Q 6004 P where Q is the number of customers per day and P is the price p...
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Introduction To Materials Management
Authors: Arnold J. R. Tony, Gatewood Ann K., M. Clive Lloyd N. Chapman Stephen
8th edition
9386873249, 134156323, 978-9386873248
