Adam smith wants to sell 4 ceramic product . He can sell 1 one 10K, two for 16K (8k each), 3 for 18K(each for 6K), and 4 for 18K ( each 4,5k) . Adams cost of producing 1 product is 4k, 2 products 8.5K, 3 products 13,5K and 4 products 19K. Questions are A)lf Smith sets the price at 7k what will be the Quantity of Demand ? what will be the Quantity of Supply ? B)If Smith sets price at 4, /k what will be the Number of Demand ? what will be the number of supply ?

Answer rating: 100% (QA)

Adams Sales and Production Options Adam has various pricing options for selling his ceramic products ... View the full answer