You sell bracelets online. The demand for these bracelets is: P = 84 - 2Q The bracelets cost $6 each to produce. If you choose to sell a bracelet, you cannot sell a necklace, which has averaged $18 in profit. At what price should you sell the bracelets? Enter as a value. ROUND TO TWO DECIMAL PLACES.
You sell bracelets online. The demand for these bracelets is: P = 84 - 2Q The bracelets cost $6 each to produce. If you choose to sell a bracelet, you cannot sell a necklace, which has averaged $18 in profit. At what price should you sell the bracelets? Enter as a value. ROUND TO TWO DECIMAL PLACES.
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter10: Price-searcher Markets With Low Entry Barriers
Section: Chapter Questions
Problem 3CQ
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![You sell bracelets online. The demand for these bracelets is:
P = 84 - 2Q
The bracelets cost $6 each to produce. If you choose to sell a bracelet,
you cannot sell a necklace, which has averaged $18 in profit.
At what price should you sell the bracelets? Enter as a value. ROUND TO
TWO DECIMAL PLACES.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffa6b0f77-8002-40a4-95e9-5d795208385d%2Fc537bbe0-335a-4e51-845f-24889adde394%2F52p5msj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You sell bracelets online. The demand for these bracelets is:
P = 84 - 2Q
The bracelets cost $6 each to produce. If you choose to sell a bracelet,
you cannot sell a necklace, which has averaged $18 in profit.
At what price should you sell the bracelets? Enter as a value. ROUND TO
TWO DECIMAL PLACES.
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