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I need it in Excel Please Create an Excel worksheet with formulas that show the calculations needed to determine the price p of product given
I need it in Excel Please
Create an Excel worksheet with formulas that show the calculations needed to determine the price p of product given a demand function, the cost to product a unit is fixed at $3/unit and the profit is pq-2q. Assume the demand function is q=20-2*p.
Use any technique to find the maximum profit when the linear demand is q=20-2*p and a fixed cost of production $3 a unit.
Create a graph that shows profit is maximized at the given price.
A screenshot of a suggested layout follows
Marion's Profit 50 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 50 Optimual Production Quantity is 6 or 7 units Maximum Profit is S24 when either 6 or 7 units are produced 100 150 200Step by Step Solution
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