Profit the monthly demand function for x units of a product, Engineering Mathematics

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Profit the monthly demand function for x units of a product

Profit The monthly demand function for x units of a product sold at $p per unit by a monopoly is p = 800 - x, and its average cost is

C‾= 200 + x.

(a) Determine the quantity that will maximize profit.

(b) Find the selling price at the optimal quantity.

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Engineering Mathematics: Profit the monthly demand function for x units of a product

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Engineering Mathematics: Profit the monthly demand function for x units of a product

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