Question: 1 The monthly demand function for a product sold by a monopoly is p = 2400 dollars, and the average cost is 7 = 900

1 The monthly demand function for a product sold by a

1 The monthly demand function for a product sold by a monopoly is p = 2400 dollars, and the average cost is 7 = 900 + 20x + x2 dollars. Production is limited to 1000 units and x is in hundreds of units. (a) Find the quantity (in hundreds of units) that will give maximum profit. 11 hundred units (b) Find the maximum profit. (Round your answer to the nearest cent.) $ Need Help? Read It

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