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Fiberex is a major fiberglass maker. It faces demand for its product of Qd = 10,000 - 100 P , and it has total cost

Fiberex is a major fiberglass maker. It faces demand for its product ofQd= 10,000 - 100P, and it has total cost ofTC =150+20Q.

Question 1

a.What is the profit-maximizing price for Fiberex to set?

Question 2

b. How many units will it sell?

Question 3

c. How much profit will it earn?

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