computer retailing company specializes in the sale of jump drives to community college udents. The demand function for jump drives is p=2x +10x +1000 dollars For the same company the average cost function 1s given as: 20 = = 2x +36x=-1600 – I dollars Where p is the price in dollars and x represents units of output. i) 11) Find the price and output that will maximize profit. Find the maximum profit
computer retailing company specializes in the sale of jump drives to community college udents. The demand function for jump drives is p=2x +10x +1000 dollars For the same company the average cost function 1s given as: 20 = = 2x +36x=-1600 – I dollars Where p is the price in dollars and x represents units of output. i) 11) Find the price and output that will maximize profit. Find the maximum profit
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
ChapterB: Differential Calculus Techniques In Management
Section: Chapter Questions
Problem 2E
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