Compute the optimal price and the number of cans to sell

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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.

Reference no: EM13219716

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