Question

In: Accounting

You've decided to sell sweatshirts for the upcoming game. You project that at a price of...

You've decided to sell sweatshirts for the upcoming game. You project that at a price of

$29.32

per sweatshirt, you will be able to sell

190

shirts. In order to sell

260

sweatshirts, you would need to lower the price to

$24.28

per sweatshirt. In order to produce the sweatshirts, it costs you

$2.22

per sweatshirt on top of fixed costs of

$330.

What price gives a marginal profit of $0 per item.

Assume linear demand.

You should charge a price of

$$$-how much

per sweatshirt in order to maximize your profit.

Expert Solution

ekkarill92 answered 2 years ago

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