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A company has established that the relationship between the sales price for one of its product and the quantity sold per month is approximately units
A company has established that the relationship between the sales price for one of its product and the quantity sold per month is approximately units (D is the demand or quantity sold per month, and p is the price in dollars). The fixed cost is $30 per unit produced. What number of units, D*, should be produced per month and sold to maximize net profit? What is the maximum profit per month related to the product?
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