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0. What price should you charge in order to earn a profit of $2600? ume linear demand. should charge a price of $ per sweatshirt in order to earn a profit of $2600. ere is more than one correct answer, separate them by a comma. ecessary, round to two decimal places. Do not include units.

0. What price should you charge in order to earn a profit of $2600? ume linear demand. should charge a price of $ per sweatshirt in order to earn a profit of $2600. ere is more than one correct answer, separate them by a comma. ecessary, round to two decimal places. Do not include units.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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You've decided to sell sweatshirts for the upcoming game. You project that at a price of $34.08 per sweatshirt, you will be able to sell 110 shirts. In order to sell 330 sweatshirts, you would need to lower the price to $18.24 per sweatshirt. In order to produce the sweatshirts, it costs you $2.94 per sweatshirt on top of fixed costs of $380. What price should you charge in order to earn a profit of $2600? Assume linear demand. You should charge a price of $ per sweatshirt in order to earn a profit of $2600. If there is more than one correct answer, separate them by a comma. If necessary, round to two decimal places. Do not include units.
Transcribed Image Text:You've decided to sell sweatshirts for the upcoming game. You project that at a price of $34.08 per sweatshirt, you will be able to sell 110 shirts. In order to sell 330 sweatshirts, you would need to lower the price to $18.24 per sweatshirt. In order to produce the sweatshirts, it costs you $2.94 per sweatshirt on top of fixed costs of $380. What price should you charge in order to earn a profit of $2600? Assume linear demand. You should charge a price of $ per sweatshirt in order to earn a profit of $2600. If there is more than one correct answer, separate them by a comma. If necessary, round to two decimal places. Do not include units.
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