STG company has introduced a new device which is sold through a retailer store. The store manager has estimated that demand will depend on the final retail price p according to the demand curve: 𝐷=1,500,000+20∗9−1,500𝑝. The production cost for STG is $200per product .What wholesale price should STG charge?

STG company has introduced a new device which is sold through a retailer store. The store manager has estimated that demand will depend on the final retail price p according to the demand curve: 𝐷=1,500,000+20∗9−1,500𝑝. The production cost for STG is $200per product .What wholesale price should STG charge?

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