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Benetton, the only buyer of t-shirts from our small factory, is offering a price of...

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Accounting

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Benetton, the only buyer of t-shirts from our small factory, is offering a price of po per t-shirt. They will buy as many as the factory can supply. What is the lowest price Benetton needs to offer so that the factory supplies at full capacity (56t shirts)? Profit maximization The machine is leased at 20 a week, is operated by one worker and produces 1t-shirt per hour. The worker is paid 1 per hour on weekdays (Mon - Fri), 2 per hour on Saturdays, and 3 per hour on Sundays. Working day is max 8 hours by law. (strictly enforced.) Other costs, such as raw materials, electricity, etc., are 1 per t-shirt. Benetton offers P=3.5 per t-shirt. How many t-shirts will the firm produce? MC=2for0Q40MC=3for40

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