Average monthly demand-produce the same level of profit

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Stacy evaluates sales data for the I’m-A-Little-Cooler mini-cooler company. She knows that average monthly demand = 6,000 coolers when they are priced at $16/cooler. Stacy estimated cost of goods sold for the product to be $6/cooler. If the price of the product is increased by 50% (but the cost remains the same), how many fewer coolers can she sell to produce the same level of profit as she does with a $16 price and $6 cost? a. 3,333 fewer coolers b. 4,000 fewer coolers c. 4,307 fewer coolers d. 2,667 fewer coolers

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Reference no: EM13962490

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