A commodity has a demand function modeled by p= 128-.5x and the total cost function modeled by C= 50x + 39.75, where x is the number of units. Find the unit price that will yield a maximum profit. Can you explain this problem with step by step explanation, please? Thank you:)

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter3: Functions And Graphs
Section: Chapter Questions
Problem 16T
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A commodity has a demand function modeled by p= 128-.5x and the total cost function modeled by C= 50x + 39.75, where x is the number of units. Find the unit price that will yield a maximum profit. Can you explain this problem with step by step explanation, please? Thank you:)

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