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show me step by step how to solve this problem: mango Systems believes that demand for its pet e- mouse follows a linear demand equation: Quantity = 38, 109 727* Price Mango's variable cost to produce one pet e- mouse is $23.50. Find the maximum total contribution margin (margin per unit times quantity sold) that Mango Systems can possibly achieve on its pet e- mouse. (Rounding: penny.) Answer: (152,004.68)

show me step by step how to solve this problem: mango Systems believes that demand for its pet e- mouse follows a linear demand equation: Quantity = 38, 109 727* Price Mango's variable cost to produce one pet e- mouse is $23.50. Find the maximum total contribution margin (margin per unit times quantity sold) that Mango Systems can possibly achieve on its pet e- mouse. (Rounding: penny.) Answer: (152,004.68)

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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show me step by step how to solve this problem: mango Systems believes that demand for its pet e - mouse follows a linear demand equation: Quantity = 38,109 727 * Price Mango's variable cost to produce one pet e - mouse is $23.50. Find the maximum total contribution margin (margin per unit times quantity sold) that Mango Systems can possibly achieve on its pet e- mouse. (Rounding: penny.) Answer: (152,004.68)
Transcribed Image Text:show me step by step how to solve this problem: mango Systems believes that demand for its pet e - mouse follows a linear demand equation: Quantity = 38,109 727 * Price Mango's variable cost to produce one pet e - mouse is $23.50. Find the maximum total contribution margin (margin per unit times quantity sold) that Mango Systems can possibly achieve on its pet e- mouse. (Rounding: penny.) Answer: (152,004.68)
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