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estion 1 yet answered ked out of 1.50 ag question Time left 0:44:32 Tabitha's Trendy T-shirts is a local clothing seller in a small town. The business sells shirts at its main store in town and in a local museum gift shop. Tabitha's knows that local residents typically shop in the main store, while tourists from out of town are most likely to shop at the museum gift shop. The demand for shirts in the two locations is given by the table below: Price Quantity Demanded Quantity Demanded Per Unit (Main Store) (Gift Shop) $49.5 0 1 $44 1 2 $38.5 2 3 $33 4 4 $27.5 8 5 $22 14 6 $16.5 22 7 $11 33 8 Suppose that Tabitha's has not fixed costs and can produce produce and sell shirts in either location at a marginal cost of $13.75. Note: Do not include a "$" in your answers. If Tabitha's must charge the same price for all of its shirts, how much should it charge to maximise its profits? Numeric What would Tabitha's profits from selling shirts in this scenario? estion 1 yet answered ked out of 1.50 ag question Time left 0:44:32 Tabitha's Trendy T-shirts is a local clothing seller in a small town. The business sells shirts at its main store in town and in a local museum gift shop. Tabitha's knows that local residents typically shop in the main store, while tourists from out of town are most likely to shop at the museum gift shop. The demand for shirts in the two locations is given by the table below: Price Quantity Demanded Quantity Demanded Per Unit (Main Store) (Gift Shop) $49.5 0 1 $44 1 2 $38.5 2 3 $33 4 4 $27.5 8 5 $22 14 6 $16.5 22 7 $11 33 8 Suppose that Tabitha's has not fixed costs and can produce produce and sell shirts in either location at a marginal cost of $13.75. Note: Do not include a "$" in your answers. If Tabitha's must charge the same price for all of its shirts, how much should it charge to maximise its profits? Numeric What would Tabitha's profits from selling shirts in this scenario?
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Entrepreneurship Successfully Launching New Ventures
ISBN: 9780132555524
4th Edition
Authors: Bruce R. Barringer, R. Duane Ireland
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