Compute the profit by charging the optimal block price

Assignment Help Econometrics

Reference no: EM13232294

Suppose you are the marketing manager for the Fruit of the Loom. An individuals' inverse demand for Fruit of the Loom women's underwear is estimated to be P = 25 - 3Q (in cents). If cost to Fruit of the Loom to producing women's underwear is C(Q) = 1 + 4Q (in cents), compute:

a) the number of women's underwear that should be packaged together.

b) the price Fruit of the Loom should charge for package.

c) the profit by charging the optimal block price.

Reference no: EM13232294

Questions Cloud

What will be the maximum inventory level : ABC Co manufactures a subcomponent at the rate of 400 per day when required. Its annual demand for this item is 50000 unites. Assume 250 working days per year. Holding cost is $10 per unit per year. Set-up cost is $150 per set-up.

Explain the collective effect and rmodynamic state : Describe the collective effect and the genera lconsequences of loss of ATP production on those processes and on the the rmodynamic state of the cell

Explain what is the ph after hcl is added to solution : A buffer that contains 0.49 M of the base, B, and 0.29 M of its conjugate acid, BH+, has a pH of 8.10. What is the pH after 0.0025 mol HCl is added to 0.25 L of this solution

What factors should abc consider to rent the other building : ABC Corp. owns a piece of land and building a few miles from its headquarters. The land originally cost ABC $500,000 to purchase. ABC is considering using the facility for a new training program. It could also rent a building about the same distan..

Compute the profit by charging the optimal block price : Suppose you are the marketing manager for the Fruit of the Loom. An individuals' inverse demand for Fruit of the Loom women's underwear is estimated to be P = 25 - 3Q (in cents). If cost to Fruit of the Loom to producing women's underwear is C(Q) ..

Explain the heart of the structure of vitamin : What substance (element on the periodic table) resides at the heart of the structure of vitamin B12? 2 points

You can add require to any of the input types. true or false : You can add require to any of the input types. True or false

How much should an airline charge students for a ticket : During spring break, students have an elasticity of demand for a trip to Florida of -3. How much should an airline charge students for a ticket if the price it charges the general public is $360 Assume the general public has an elasticity of -2.

Explain vitamin c is helpful in the absorption of mineral : Vitamin C is helpful in the absorption of what mineral (metal) when the two are present in the gut simultaneously?

User Account

All Pages