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You sell bracelets online. The demand for these bracelets is: P=100-2Q The bracelets cost $5 each to produce. If you choose to sell a bracelet, you cannot sell a necklace, which has averaged $13 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=100-2Q The bracelets cost $5 each to produce. If you choose to sell a bracelet, you cannot sell a necklace, which has averaged $13 in profit. At what price should you sell the bracelets? Enter as a value. ROUND TO TWO DECIMAL PLACES.

Microeconomics: Principles & Policy
Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter5: Consumer Choice: Individual And Market Demand
Section: Chapter Questions
Problem 2DQ
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You sell bracelets online. The demand for these bracelets is: P=100-2Q The bracelets cost $5 each to produce. If you choose to sell a bracelet, you cannot sell a necklace, which has averaged $13 in profit. At what price should you sell the bracelets? Enter as a value. ROUND TO TWO DECIMAL PLACES.
Transcribed Image Text:You sell bracelets online. The demand for these bracelets is: P=100-2Q The bracelets cost $5 each to produce. If you choose to sell a bracelet, you cannot sell a necklace, which has averaged $13 in profit. At what price should you sell the bracelets? Enter as a value. ROUND TO TWO DECIMAL PLACES.
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