A commodity has a demand function modeled by p= 35 -0.5x, and a total cost function...
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A commodity has a demand function modeled by p= 35 -0.5x, and a total cost function modeled by C = 8x + 34. (a) What price yields a maximum profit? $ X per unit (b) When the profit is maximized, what is the average cost per unit? (Round your answer to two decimal places.) $ Need Help? Read It A commodity has a demand function modeled by p= 35 -0.5x, and a total cost function modeled by C = 8x + 34. (a) What price yields a maximum profit? $ X per unit (b) When the profit is maximized, what is the average cost per unit? (Round your answer to two decimal places.) $ Need Help? Read It
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Given Demand function b 35 052 ma total cost function C 8x3... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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