he weekly demand function for x units of a product sold by only one (a) Find the quantity that will maximize profit. units

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter6: Systems Of Equations And Inequalities
Section6.6: Linear Programming
Problem 44E
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The weekly demand function for x units of a product sold by only one firm is

The weekly demand function for x units of a product sold by only one firm is p = 200 -
Ex dollars, and the average cost of production and sale is C = 100 + 2x dollars.
(a) Find the quantity that will maximize profit.
units
(b) Find the selling price at this optimal quantity.
per unit
2$
(c) What is the maximum profit?
2$
Transcribed Image Text:The weekly demand function for x units of a product sold by only one firm is p = 200 - Ex dollars, and the average cost of production and sale is C = 100 + 2x dollars. (a) Find the quantity that will maximize profit. units (b) Find the selling price at this optimal quantity. per unit 2$ (c) What is the maximum profit? 2$
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