Land's End estimates a demand curve for turtleneck sweaters to be: Log Q = .41 + 2.3 Log Y - 3 Log P
Where Q is quantity,P is price,and Y is a measure on national income.If the marginal cost of imported turtleneck sweaters is $9.00.(HINT: P (1 +1/E)= MC).The optimal monopoly price would be:
A) P = $13.50
B) P = $26.50
C) P = $27.50
D) P = $34.50
E) P = $56.22

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The Answer of Land's End estimates a demand curve for turtleneck sweaters to be: Log Q = .41 + 2.3 Log Y - 3 Log P
Where Q is quantity,P is price,and Y is a measure on national income.If the marginal cost of imported turtleneck sweaters is $9.00.(HINT: P (1 +1/E)= MC).The optimal monopoly price would be:
A) P = $13.50
B) P = $26.50
C) P = $27.50
D) P = $34.50
E) P = $56.22

Land's End Estimates a Demand Curve for Turtleneck Sweaters to Be