Suppose you are an analyst for the Coca-Cola Company.An individuals' inverse demand for Coca-Cola is estimated to be P = 98 - 4Q (in cents) .If Coca-Cola is produced according to the following cost function C(Q) = 1,000 + 2Q (in cents) , compute the optimal price and the number of cans to sell as a single package.
A) $1200 per package and 12 cans.
B) $12 per package and 24 cans.
C) $11.52 per package and 12 cans.
D) $15 per package and 16.67 cans.
Correct Answer:
Verified
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