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Your company produces a unique style of sandals. The table shows price/quantity combinations from the retail demand curve for your sandals. This demand curve for your shoes is linear. Your marginal cost and average total cost of producing a pair of sandals are constant and equal to $10 per pair. In addition, the marginal cost of distributing and selling a pair of sandals is constant at $40 per pair and equal to the average total cost of distribution. Price Quantity (pairs of sandals per month) (dollars per pair of sandals) $100 200 $90 400 $80 600 $70 800 $60 1,000 $50 1,200 $40 1,400 Suppose you sell your sandals to retail distributors in a perfectly competitive market. Your wholesale quantity will be pairs of sandals and your wholesale price will be $ per pair. Your wholesale economic profit will be $. The retail quantity will be pairs of sandals and the retail price will be $ per pair. The total economic profit of all the distributors will be $

Your company produces a unique style of sandals. The table shows price/quantity combinations from the retail demand curve for your sandals. This demand curve for your shoes is linear. Your marginal cost and average total cost of producing a pair of sandals are constant and equal to $10 per pair. In addition, the marginal cost of distributing and selling a pair of sandals is constant at $40 per pair and equal to the average total cost of distribution. Price Quantity (pairs of sandals per month) (dollars per pair of sandals) $100 200 $90 400 $80 600 $70 800 $60 1,000 $50 1,200 $40 1,400 Suppose you sell your sandals to retail distributors in a perfectly competitive market. Your wholesale quantity will be pairs of sandals and your wholesale price will be $ per pair. Your wholesale economic profit will be $. The retail quantity will be pairs of sandals and the retail price will be $ per pair. The total economic profit of all the distributors will be $

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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Your company produces a unique style of sandals. The table shows​ price/quantity combinations from the retail demand curve for your sandals. This demand curve for your shoes is linear. Your marginal cost and average total cost of producing a pair of sandals are constant and equal to

​$10
 

per pair. In​ addition, the marginal cost of distributing and selling a pair of sandals is constant at

​$40
 

per pair and equal to the average total cost of distribution.

Your company produces a unique style of sandals. The table shows price/quantity combinations from the retail demand curve for your sandals. This demand curve for your shoes is linear. Your marginal cost and average total cost of producing a pair of sandals are constant and equal to $10 per pair. In addition, the marginal cost of distributing and selling a pair of sandals is constant at $40 per pair and equal to the average total cost of distribution. Price Quantity (pairs of sandals per month) (dollars per pair of sandals) $100 200 $90 400 $80 600 $70 800 $60 1,000 $50 1,200 $40 1,400 Suppose you sell your sandals to retail distributors in a perfectly competitive market. Your wholesale uantity will be pairs of sandals and your wholesale price will be $ per pair. Your wholesale economic profit will be $ The retail quantity will be pairs of sandals and the retail price will be $ per pair. The total economic profit of all the distributors will be $ Suppose you sell your sandals to a monopoly retail distributor. Your wholesale quantity will be pairs of sandals and your wholesale price will be $ Your wholesale economic profit will be $. The retail quantity will be pairs of sandals and the retail price will be $ per pair. The total economic profit of your distributor will be $
Transcribed Image Text:Your company produces a unique style of sandals. The table shows price/quantity combinations from the retail demand curve for your sandals. This demand curve for your shoes is linear. Your marginal cost and average total cost of producing a pair of sandals are constant and equal to $10 per pair. In addition, the marginal cost of distributing and selling a pair of sandals is constant at $40 per pair and equal to the average total cost of distribution. Price Quantity (pairs of sandals per month) (dollars per pair of sandals) $100 200 $90 400 $80 600 $70 800 $60 1,000 $50 1,200 $40 1,400 Suppose you sell your sandals to retail distributors in a perfectly competitive market. Your wholesale uantity will be pairs of sandals and your wholesale price will be $ per pair. Your wholesale economic profit will be $ The retail quantity will be pairs of sandals and the retail price will be $ per pair. The total economic profit of all the distributors will be $ Suppose you sell your sandals to a monopoly retail distributor. Your wholesale quantity will be pairs of sandals and your wholesale price will be $ Your wholesale economic profit will be $. The retail quantity will be pairs of sandals and the retail price will be $ per pair. The total economic profit of your distributor will be $
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