# Economics : Calculaton of price per unit

The Zinger Company manufactures and sells a line of sewing machines. Demand per period (Q) for a particular model is given by the following relationship:

Q = 400 - .5P

where P is price. Total costs (including a "normal" return to the owners) of producing Q units per period are:

TC = 20,000 + 50Q + 3Q2. What price will be charged?

a. $650/unit

b. $65/unit

c. $6500/unit

d. $6.50/unit

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#### Solution Preview

The Zinger Company manufactures and sells a line of sewing machines. Demand per period (Q) for a particular model is given by the following relationship:

Q = 400 - .5P

where P is price. Total costs (including a "normal" return to the owners) of producing ...

#### Solution Summary

Solution contains answer of a multiple choice question.

$2.19