A large company in the communication and publishing industry has quantified the relationship between the price of one of its products and the demand for this product as Price=150-0.01*Demand for an annual printing of this particular product. The fixed costs per year (i.e., per printing)=$49,000 and the variable cost per unit=$40. What is the maximum profit that can be achieved? What is the unit price at this point of optimal demand? Demand is not expected to be more than 6,000 units per year. Please help and explain step by step!

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Demand function is as follows Price 150 001D Calculate the total revenue TR Price Demand ... View the full answer