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Determine the profit maximizing price to charge for each

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Question: Murray has been able to use his business skills to estimate the weekly demand for cases of the Westvleteren Quad to be Q = 90,000 - 200P where P is in euros. The marginal cost of producing one more case is 50 euros. The monastery has fixed costs of $200,000 per week.

a. Determine the profit maximizing price to charge for each case assuming they are able to produce as many cases of ale as needed on site at the constant marginal cost given above.

Reference no: EM133600239

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