Problem: Based on historical data regarding sales, War Games management forecasts demand for the game to be P = 50 - 0.002Q, where Q denotes unit sales /year, & P denotes price in dollars. The cost of manufacture is C = 140,000 + 10Q.
Calculate the following, assuming that War Game maximizes profit:
a. quantity
b. price
c. total cost
d. total revenue
c. total profit