Suppose you are the marketing manager for Fruit of the Loom.An individual's inverse demand for Fruit of the Loom women's underwear is estimated to be P = 25 − 3Q (in cents).If the cost to Fruit of the Loom to produce an item of women's underwear is C(Q)= 1 + 4Q (in cents),compute the profit Fruit of the Loom will earn by charging the optimal block price.
A) $0.74
B) $1.37
C) $108.50
D) $136.50

Question

Quizplus · Accepted Answer

The Answer of Suppose you are the marketing manager for Fruit of the Loom.An individual's inverse demand for Fruit of the Loom women's underwear is estimated to be P = 25 − 3Q (in cents).If the cost to Fruit of the Loom to produce an item of women's underwear is C(Q)= 1 + 4Q (in cents),compute the profit Fruit of the Loom will earn by charging the optimal block price.
A) $0.74
B) $1.37
C) $108.50
D) $136.50

Suppose You Are the Marketing Manager for Fruit of the Loom.An