Question: I need the complete solution. Your work will be rated as helpful! ;) A company has established that the relationship between the sales price for

I need the complete solution. Your work will be rated as helpful! ;)

helpful! ;) A company has established that the relationship between the sales

A company has established that the relationship between the sales price for one of its products is approximately p = $88.5 0.080\". In addition there is a fixed cost of $45,000 per year and the variable cost to manufacture the product is $45 per unit. What level of demand maximizes the total revenue? What level of demand maximizes the total profit for this product? Does your answer in part {b} maximize or minimize profit? What is the unit price of your product

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