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Business, 23.02.2021 22:30 iamabeast51

2-13. PLEASE HELP A lawn mower manufacturer encounters the following relationship between price and demand for small garden lawn mowers in the market:
Price = 500–0.2 x Demand. The total fixed cost of manufacturing small lawn mowers is $100,000, while the company faces variable costs of $150 per unit.

What is the revenue maximization level of production?

What is the profit
maximization level of production?

What is the price per
unit at this level of demand?

What are the profits earned
by the company at this level of demand?​

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Answers: 1
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