Calculate the unit price at this point of optimal demand


A large company in the publishing and communication industry has quantified the relationship among the price of one of its products and the demand for this product as the Price = 150- 0.01 x Demand for an annual printing of this particular product. The fixed costs per year (i.e., per printing) =$50,000 and variable cost per unit =$40. Determine the maximum profit that can be achieved if the maximum expected demand is 6,000 units per year? Calculate the unit price at this point of optimal demand?

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Macroeconomics: Calculate the unit price at this point of optimal demand
Reference No:- TGS0872294

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