Question
Asked Feb 14, 2020
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The weekly demand function for x units of a product sold by only one firm is 

p = 500 − 1/2x dollars,

 and the average cost of production and sale is 

C = 400 + 2x dollars.
(a) Find the quantity that will maximize profit.
 units

(b) Find the selling price at this optimal quantity.
$  per unit

(c) What is the maximum profit?
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