What price will maximize the profit, Business Management

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What price will maximize the profit

Suppose a company has fixed costs of $28,000 and variable costs 2/5x+222 dollars per unit, where x is te total number of units produced. Suppose further that the selling price of its product is 1,250-3/5x dollar per unit.

a) Find the maximum revenue.

b) Form the profit function from the cost and revenue function and find maximum profit.

c) What price will maximize the profit

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Business Management: What price will maximize the profit

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Business Management: What price will maximize the profit

Reference No:- TGS084244

Have a Question? (oR Write a Review)

Recent Questions Asked Business Management

Q : Who the decision makers are at each level

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Q : Statements about involuntary conversions

Q : How could the organization address the problem

Q : What price will maximize the profit

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Request for Solution File

Ask an Expert for Answer!!

Business Management: What price will maximize the profit

Reference No:- TGS084244

Recent Questions Asked Business Management

Q : Who the decision makers are at each level

Q : Growth in the development of public service

Q : Statements about involuntary conversions

Q : How could the organization address the problem

Q : What price will maximize the profit

Q : Implied forward rates

Q : How to prepare in depth comparative analysis research paper

Q : What is the scheduled completion of the project

Q : Value for holder in due course purposes

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