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Profit-maximizing price and quantity

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Reference no: EM131951868

Blotto Brothers Lumber Supply sells lumber to local construction companies. Blotto has estimated that the demand for plywood by home contractors is given by the equation

Q=51-0.10P

Blotto's total cost of procuring and packaging plywood for delivery to each customers is

TC=10Q

  1. If Blotto engages in standard pricing, what is the profit-maximizing price and quantity?
  2. If Blotto practices block pricing, how many sheets of plywood should the company include in a bundle?
  3. What price should it charge for a bundle of plywood?

Reference no: EM131951868

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