Question: The monthly demand function for a product sold by a monopoly is p = 1964 - -x dollars, and the average cost is C =

The monthly demand function for a product sold by a monopoly

The monthly demand function for a product sold by a monopoly is p = 1964 - -x dollars, and the average cost is C = 900 + 10x + x dollars. Production is limited to 1000 units and x is in hundreds of units. (a) Find the quantity (in hundreds of units) that will give maximum profit. X hundred units (b) Find the maximum profit. (Round your answer to the nearest cent.) $ X

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