A large corporation with monopolistic control in the marketplace has its average daily costs, in dollars, given

Question:

A large with monopolistic control in the marketplace has its average daily costs, in dollars, given by

The daily demand for x units of its product is given by p=60,000-50x dollars. Find the quantity that gives maximum profit, and find the maximum profit. What selling price should the corporation set for its product?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...