Question
The cost per unit of producing a product is 60 + 0.2x dollars, where x represents the number o
produced per week. The equilibrium price determined by a competitive market is $220.
a) How many units should the firm produce and sell each week to maximize its profit?
What is the maximum profit?
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The cost per unit of producing a product is 60 + 0.2x dollars, where x represents the number o produced per week. The equilibrium price determined by a competitive market is $220. a) How many units should the firm produce and sell each week to maximize its profit? What is the maximum profit?

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