Vending machines the greater is demand for jupiter bars

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Question

KJR produces the Jupiter Bar which is a popular brand of chocolate bar. The cost of producing a carton of Jupiter Bars is C(Q) = 10Q. The inverse demand for Jupiter Bars is given by P = 730 .1M - .01Q where P is the price per carton of candy bars, Q is the number of cartons of candy bars supplied and M is the number of candy vending machines (measured in thousands) in use. Note that KJR only makes candy bars so that the number of vending machines is fixed and constant from the perspective of KJR. As we can see from the inverse demand curve the greater the number of vending machines the greater is the demand for Jupiter Bars.

Reference no: EM133637242

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