A firm has demand equation Q = 30 - 5P. The firm must sell an integer quantity of product and charge the same price per unit of product for all units sold. It costs the firm $4.50 to produce and sell each unit of product that it sells. The firm acts to maximize its total profits. Calculate these:

a) Price per unit

b) Quantity of units

c) Total profits

Answer rating: 100% (QA)

To find the price per unit quantity of units and total profits we need to analyze the given informat... View the full answer