6. You estimate your demand function to be D(p)=300-5 p. The cost of producing one item is $5. The optimal price is equal to a. $27.5 b. $30 c. $32.5 d. $35 Solution: c
6. You estimate your demand function to be D(p)=300-5 p. The cost of producing one item is $5. The optimal price is equal to a. $27.5 b. $30 c. $32.5 d. $35 Solution: c
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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please explain why the answer is C
![6. You estimate your demand function to be D(p)=300-5 p. The cost of producing one item
is $5. The optimal price is equal to
a. $27.5
b. $30
c. $32.5
d. $35
Solution: c](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F53d668a5-dfc0-4c8f-8bb8-bfcb5d3fb783%2Ff5333609-5d08-4fb3-b2c0-03b1d586880e%2Fg6xflz7_processed.png&w=3840&q=75)
Transcribed Image Text:6. You estimate your demand function to be D(p)=300-5 p. The cost of producing one item
is $5. The optimal price is equal to
a. $27.5
b. $30
c. $32.5
d. $35
Solution: c
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