Question
A large corporation with monopolistic control in the marketplace has its average daily costs, in dollars, given by C = 1100 +200x + x.
A large corporation with monopolistic control in the marketplace has its average daily costs, in dollars, given by C = 1100 +200x + x. The daily demand for x units of its product is given by p=90,000 - 100x dollars. Find the quantity that gives maximum profi x units Find the maximum profit. What selling price should the corporation set for its product?
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College Mathematics For Business Economics, Life Sciences, And Social Sciences
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
14th Edition
978-0134674148
