Compute the profit by charging the optimal block price

Reference no: EM13232294

Suppose you are the marketing manager for the Fruit of the Loom. An individuals' inverse demand for Fruit of the Loom women's underwear is estimated to be P = 25 - 3Q (in cents). If cost to Fruit of the Loom to producing women's underwear is C(Q) = 1 + 4Q (in cents), compute:

a) the number of women's underwear that should be packaged together.

b) the price Fruit of the Loom should charge for package.

c) the profit by charging the optimal block price.

Reference no: EM13232294

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