Suppose Apple has started production on a new virtual reality headset. Unsure of how much to charge for the headset, they hire a consulting firm to estimate demand. The consulting firm finds that demand is described by O = 10,000 - 5P (and inverse demand is described by P = 2,000 - 0.2Q), where Q indicates quantity of headsets sold and P denotes price in US dollars. If the marginal cost of producing the headsets is constant at $400 what price should they charge?

Remaining Time: 1 hour, 38 minutes, 50 seconds. Question Completion Status: $50 $100 $200 O $300 $400 QUESTION 2 Suppose Apple has started production on a new virtual reality headset. Unsure of how much to charge for the headset, they hire a consulting firm to estimate demand. The consulting firm finds that demand is described by Q - 10,000 - 5P (and inverse demand is described by P = 2,000 - 0.2Q), where Q indicates quantity of headsets sold and P denotes price in US dollars. If the marginal cost of producing the headsets is constant at $400 what price should they charge? $1,200 O $1,000 $2,000 $1,500 $1,600 QUESTION 3 Other things equal, which of the following goods will have the most inelastic demand? All jeans made by Levi's and sold in the United States Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save A P M2_Profit max ptx P M3_Firm and mar...pptx M3_Competitive...pptx M3_Perfect comp....pptx P M2_Economies of..pptx