Question: An industry with a monopoly on a product has its average weekly costs, in dollars, given by The weekly demand for x units of the

An industry with a monopoly on a product has its average weekly costs, in dollars, given by

The weekly demand for x units of the product is given by p=120-0.015x dollars. Find the price the industry should set and the number of units it should produce to obtain maximum profit. Find the maximum profit.

C= = = 10,000 + 60 0.03x + 0.00001x?

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