Question

The weekly demand function for x units of a product sold by only one firm is...

The weekly demand function for x units of a product sold by only one firm is p = 400 − 1/2x dollars, and the average cost of production and sale is

C = 100 + 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?
$

The weekly demand function for x units of a product sold by only one firm is p = 400 − 1 2 x dollars, and the average cost of production and sale is C = 100 + 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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