Q=6004P where Q = days. MC= $50 per customer. the store is paying a rent of $2,000

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Q=6004P where Q = days. MC= $50 per customer. the store is paying a rent of $2,000 per day.

a) What is the profit-maximizing number of customers the store should have each day, and what price should the store charge to maximize profit?

b. what is the elasticity of demand

c. what is the profit of the store at the price and quantity.

d. what is the markup percentage of its price (liniar Index)

Related Book For answer-question

Introduction To Materials Management

ISBN: 978-9386873248

8th edition

Authors: Arnold J. R. Tony, Gatewood Ann K., M. Clive Lloyd N. Chapman Stephen

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Posted Date: Mar 30, 2024 04:15 PM

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Q=6004P where Q = days. MC= $50 per customer. the store is paying a rent of $2,000

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Profit Maximization and Price Determination Given Information Demand Function Q 6004 P where Q is the number of customers per day and P is the price p... View the full answer

Introduction To Materials Management

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