Suppose you are an analyst for the Coca-Cola Company. An individuals' inverse demand for Coca-Cola is estimated to be P = 98 - 4Q (in cents). If Coca-Cola is produced according to the following 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. $1200 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