Alpha Gear is a fitness apparel company. One of their best selling products are their joggers. The company sells joggers under a block pricing scheme that charges $13 per pair of joggers if the customer buys up to 10 joggers and $8 if they buy 11 to 20 joggers. The demand curve is Q- 1400 - 25P, and the marginal cost of making a pair of joggers is $5. What are the profits for Alpha Gear under this pricing scheme? O975 8600 OM00 12200

Alpha Gear is a fitness apparel company. One of their best selling products are their joggers. The company sells joggers under a block pricing scheme that charges $13 per pair of joggers if the customer buys up to 10 joggers and $8 if they buy 11 to 20 joggers. The demand curve is Q- 1400 - 25P, and the marginal cost of making a pair of joggers is $5. What are the profits for Alpha Gear under this pricing scheme? O975 8600 OM00 12200

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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