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Assume the following demand curve: Q = 50,400 1,200(P). Variable costs are estimated to be $25.06. Calculate total - contribution margin at the optimal price. Round your answer to the nearest dollar. correct answer: 86089 please show steps

Assume the following demand curve: Q = 50,400 1,200(P). Variable costs are estimated to be $25.06. Calculate total - contribution margin at the optimal price. Round your answer to the nearest dollar. correct answer: 86089 please show steps

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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Assume the following demand curve: Q = 50,400 1,200(P). Variable costs are estimated to be $25.06. Calculate total contribution margin at the optimal price. Round your answer to the nearest dollar. correct answer: 86089 please show steps
Transcribed Image Text:Assume the following demand curve: Q = 50,400 1,200(P). Variable costs are estimated to be $25.06. Calculate total contribution margin at the optimal price. Round your answer to the nearest dollar. correct answer: 86089 please show steps
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