5) An item that is to be sold at a small specialty store in Vancouver has $150 in fixed costs and $2 per item in variabl

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5 An Item That Is To Be Sold At A Small Specialty Store In Vancouver Has 150 In Fixed Costs And 2 Per Item In Variabl 1 (13.72 KiB) Viewed 15 times

5) An item that is to be sold at a small specialty store in Vancouver has $150 in fixed costs and $2 per item in variable costs. The owners assume they can sell 14 items if they charge $38 each, and 7 items at a price of $73 each. (You may and should assume that demand is a linear function for this problem.) For how many units sold/produced is the marginal) profit 36 dollars per item? [5 marks]