(ROUND A company has established that the relationship between the sales price for one of its products and the quantity sold per month is approximately p=77-0.12D units. The fixed cost is $800 per month and the variable cost $25 per unit produced. What number of units, D*, should be produced per month and sold to maximize the profit per month related to the product? Round your answer to 2 decimal places.

(ROUND A company has established that the relationship between the sales price for one of its products and the quantity sold per month is approximately p=77-0.12D units. The fixed cost is $800 per month and the variable cost $25 per unit produced. What number of units, D*, should be produced per month and sold to maximize the profit per month related to the product? Round your answer to 2 decimal places.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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