Suppose you have designed and produced a new suitcase that is both lighter and more resilient than any other product on the market. You are the only producer of this suitcase and the demand and inverse demand curve you face for your product is: Q = 2000 - (5/3)P or P = 1200 - 0.6Q Your marginal cost of production is constant at MC = 180.

What price should you charge to maximize your profits from selling your suitcases? What quantity will you sell?