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May 22, 2015

Homework Help: Economics

Posted by Steve on Tuesday, March 20, 2012 at 10:49pm.

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

A. 1
B. 3
C. 4
D. 7

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