Suppose You Are an Analyst for the Coca-Cola Company

question 97

Multiple Choice

Suppose you are an analyst for the Coca-Cola Company.An individual's inverse demand for Coca-Cola is estimated to be P = 98 − 4Q (in cents) .If Coca-Cola is produced according to the cost function C(Q) = 1,000 + 2Q (in cents) ,compute the optimal price and the number of cans to sell as a single package.

• A) $120 per package and 12 cans
• B) $12 per package and 24 cans
• C) $11.52 per package and 12 cans
• D) $15 per package and 16.67 cans

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Definitions:

John Tyler

The 10th President of the United States, serving from 1841 to 1845, known for his annexation of Texas and adherence to states' rights principles.

Annexed Hawaiian Islands

Describes the historical event in which the Hawaiian Islands were officially incorporated into the United States as a territory in 1898.

Kansas-Nebraska Act

An 1854 U.S. law that created the territories of Kansas and Nebraska, leaving the decision of slavery to the residents, which led to a violent conflict known as "Bleeding Kansas."

Far-Reaching Consequences

Outcomes or effects of an action, decision, or event that have a wide-ranging impact, affecting many areas or people beyond the immediate context.