Question: A commodity has a demand function modeled by p = 1 0 8 - 0 . 5 x and a total cost function modeled by
A commodity has a demand function modeled by and a total cost function modeled by where is the number of units.
a What price yields a maximum profit?
$
per unit
b When the profit is maximized, what is the average cost per unit? Round your answer to two decimal places.
$ per unit
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