The cost per unit of producing a product is 40+5 dollars, where x represents the number of units produced per week. If the equilibrium price determined by a competitive market is $200, how many units should the firm produce and sell each week to maximize its profit?

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Q: The supply and demand for a product are given by 2p – q = 70 and pq = 200 + 20q, respectively. Find…

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Q: equilibrium point for the market.

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