Shell Designs, Inc. faces the following monthly demand for its designer coffee mugs, which are hand-made using a special clay from imported from Costa Rica:
The average cost of producing each hand-made coffee mug is $8, and costs are constant.
-If Shell Designs decides to sell its coffee mugs over the Internet, it will have to charge a uniform price. The profit-maximizing uniform price is $________ per mug, and it will sell __________ hand-made mugs per month on the Internet. Shell's monthly profit will be $______________ per month.

Question

Shell Designs, Inc. faces the following monthly demand for its designer coffee mugs, which are hand-made using a special clay from imported from Costa Rica:
  The average cost of producing each hand-made coffee mug is $8, and costs are constant.
-If Shell Designs decides to sell its coffee mugs over the Internet, it will have to charge a uniform price. The profit-maximizing uniform price is $________ per mug, and it will sell __________ hand-made mugs per month on the Internet. Shell's monthly profit will be $______________ per month.

Quizplus · Accepted Answer

The Answer of Shell Designs, Inc. faces the following monthly demand for its designer coffee mugs, which are hand-made using a special clay from imported from Costa Rica:
  The average cost of producing each hand-made coffee mug is $8, and costs are constant.
-If Shell Designs decides to sell its coffee mugs over the Internet, it will have to charge a uniform price. The profit-maximizing uniform price is $________ per mug, and it will sell __________ hand-made mugs per month on the Internet. Shell's monthly profit will be $______________ per month.