Order the answer to: Suppose the manufacturer of running shoes has collected the foll

Academic Writing business-economics Order the answer to: Suppose the manufacturer of running shoes has collected the foll

business-economics

Order the answer to: Suppose the manufacturer of running shoes has collected the foll

Question Suppose the manufacturer of running shoes has collected the following quantitative information. Demand for the boys’ shoe is estimated to be Q = 9,600 – 200P, or, equivalently, P = 48 – Q/200. The shoe’s direct cost is C = $60,000 +.0025Q2. a. Check that these demand and cost equations are consistent with the data presented in the “Allocating Costs Revisited” section. b. Find the firm’s profit-maximizing price and output.
Subject business-economics
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