Question: 2. The relationship between price and demand per month for a consumer product is p=3500 1.1 D1.5 where p is the price per unit in
2. The relationship between price and demand per month for a consumer product is p=3500 1.1 D1.5 where p is the price per unit in dollars and D is the demand in units. The fixed cost is $300 per month and the variable cost is $4.00 per unit. a. What is the optimal number of units that should be produced and sold per month? b. What is the maximum profit per month
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