Question: Suppose a sunglass manufacturerdetermines the demand function for a certain line of sunglassesis given by: p= 50-1/4000x , where p is the price per pair
Suppose a sunglass manufacturerdetermines the demand function for a certain line of sunglassesis given by: p= 50-1/4000x , where p is the price per pair and x is the number
of pairs sold. The fixed cost of producing a line of sunglasses is $25,000 and each pair of
sunglasses costs $3 to make. How many sunglasses should be produced to maximize?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
