The individual demand for a slice of pizza at Sam's Pizza is given by QD = 6 – P. Assume the marginal cost of a slice is constant at $1 and the marginal %3D revenue function is 6- 2Q. What is the profit- maximizing price and quantity if Sam's sells all pizza slices at a single price? What profits per customer will be earned?
The individual demand for a slice of pizza at Sam's Pizza is given by QD = 6 – P. Assume the marginal cost of a slice is constant at $1 and the marginal %3D revenue function is 6- 2Q. What is the profit- maximizing price and quantity if Sam's sells all pizza slices at a single price? What profits per customer will be earned?
Chapter1: Making Economics Decisions
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![The individual demand for a slice of pizza at Sam's
Pizza is given by QD = 6 – P. Assume the marginal
-
cost of a slice is constant at $1 and the marginal
revenue function is 6- 2Q. What is the profit-
maximizing price and quantity if Sam's sells all
pizza slices at a single price? What profits per
customer will be earned?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F15c22c02-a3a9-49b9-b857-642a5ba16fee%2F1e64fe36-2197-48a6-aea6-85aaa8f0ee09%2Fgy8osfh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The individual demand for a slice of pizza at Sam's
Pizza is given by QD = 6 – P. Assume the marginal
-
cost of a slice is constant at $1 and the marginal
revenue function is 6- 2Q. What is the profit-
maximizing price and quantity if Sam's sells all
pizza slices at a single price? What profits per
customer will be earned?
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