The cost and the price- demand equation of a certain product are as follow: C(x) = 350x + 50,000 and p = 500-0.025x %3D %3D al find the the price that maximizes the revenue. b/ find the maximum revenue. d find the price that maximizes the profit. d/ find the maximum profit. el find the price that maximizes the prof it if a $20 tax was imposed on each item f/ find the maximum profit considering the tax imposed.
The cost and the price- demand equation of a certain product are as follow: C(x) = 350x + 50,000 and p = 500-0.025x %3D %3D al find the the price that maximizes the revenue. b/ find the maximum revenue. d find the price that maximizes the profit. d/ find the maximum profit. el find the price that maximizes the prof it if a $20 tax was imposed on each item f/ find the maximum profit considering the tax imposed.
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter3: Benefits, Costs, And Decisions
Section: Chapter Questions
Problem 2MC
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