Determine the price for which you should sell your chips in order to maximize your...

  • Thread starter Thread starter Theresa P
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Theresa P

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...profit? At a price of $1.00 a jar, you sell 500 jars a day. For each nikel that you increase the price, you sell two fewer jars. Assuming that your fixed cost per day is $200. and the cost per jar to you is 50 cents, Determine the price for which you should sell your chips in order to maximize your profit?
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