You've decided to sell sweatshirts for the upcoming game. You project that at a price of $36.48 per sweatshirt, you will be able to sell 120 shirts. In order to sell 230 sweatshirts, you would need to lower the price to $28.67 per sweatshirt. In order to produce the sweatshirts, it costs you $2.12 per sweatshirt on top of fixed costs of $310. What price should you charge in order to earn maximize your profit? Assume linear demand. You should charge a price of $ per sweatshirt in order to maximize your profit. If necessary, round to two decimal places. Do not include units.
You've decided to sell sweatshirts for the upcoming game. You project that at a price of $36.48 per sweatshirt, you will be able to sell 120 shirts. In order to sell 230 sweatshirts, you would need to lower the price to $28.67 per sweatshirt. In order to produce the sweatshirts, it costs you $2.12 per sweatshirt on top of fixed costs of $310. What price should you charge in order to earn maximize your profit? Assume linear demand. You should charge a price of $ per sweatshirt in order to maximize your profit. If necessary, round to two decimal places. Do not include units.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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