Question: For a monopolist's product, the demand function is p=65-0.059 and the cost function is c = 700 + 259, where is number of units, and
For a monopolist's product, the demand function is p=65-0.059 and the cost function is c = 700 + 259, where is number of units, and both p and care expressed in dollars per unit. At what level of output will profit be maximized? At what price does this occur, and what is the profit? The profit will be maximized at an output of 400 units (Simplify your answer. Type an integer or a decimal.) The profit will be maximized at a price of $ 45 per unit, (Simplify your answer. Type an integer or a decimal) When maximized, the profit is $ (Simplify your answer. Type an integer or a decimal.)
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