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Mathematics, 21.10.2020 14:01 jasminechambers642
The weekly demand function for x units of a product sold by only one firm is
p = 800 − 0.5x dollars, and the average cost of production and sale is C(with a line on top) = 300 + 2x dollars.
(a) Find the quantity that will maximize profit.
(b) Find the selling price at this optimal quantity.
(c) What is the maximum profit?
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Answers: 3
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The weekly demand function for x units of a product sold by only one firm is
p = 800 − 0.5x dollars...
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