The monthly demand function for x units of a product sold at $p per unit by a

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The monthly demand function for x units of a product sold at $p per unit by a monopoly is p=800 - x, and its average cost is C̅=200+x.
(a) Determine the quantity that will maximize profit.
(b) Find the selling price at the optimal quantity.

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Feb 09, 2018 06:59 AM

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The monthly demand function for x units of a product sold at $p per unit by a

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C 200 x C200xx 2 p800x R800xx 2 a Px 800x x ...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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