Compute the optimal price and the number of cans

Reference no: EM13220707

Suppose you are an analyst for the Coca-Cola company. An individual's inverse demand for Coca-Cola is estimated to be P = 98 - 4Q (in cents). If Coca-Cola is produced according to the following cost function TC = 1,000 + 2Q (in cents), compute the optimal price and the number of cans to sell as a single package. a. $15 per package and 16.67 cans b. $24 per pack and 12 cans c. None of these is correct d. $1,200 per package and 12 cans e. $11.52 per package and 12 cans f. $12 per package and 24 cans

Reference no: EM13220707

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