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Optimal Price and Quantity Assignment | Homework For You

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December 10th, 2019

Suppose you are an analyst for the Coca-Cola Company. An individuals’ inverse demand for Coca-Cola is estimated to be P = 98 – 4Q (in cents).

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Homework For You

If Coca-Cola is produced according to the following cost function C(Q) = 1,000 + 2Q (in cents), compute the optimal price and the number of cans to sell as a single package. Get Economics homework help today

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