Course Solutions Uncategorized 4 20 Points Best Toys Determined Relationship Price Charge Barump Doll Number Dolls Sell M Q34197911

4 20 Points Best Toys Determined Relationship Price Charge Barump Doll Number Dolls Sell M Q34197911

4 (20 points) Best Toys has determined that the relationship between the price that they charge for their Barump doll and the number of dolls that they sell in a month is approximately p-100 -0.2D, where p is the price of each doll and D is number of dolls sold per quarter. The company has a fixed cost of producing the dolls of $5,000 per quarter; their variable cost is $10 per doll. a. At what price point will they sell the most dolls? b. What is the total revenue that they can expect from selling the number of dols (found in part (a)). What is the maximum profit per quarter that the company can achieve with the dol? What is the d. range of profitable demand the company can achieve each quarter?

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