Linear demand function: The manufacturer of microwave ovens can sell 800 to his dealers at $392 each.

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Linear demand function: The manufacturer of microwave ovens can sell 800 to his dealers at $392 each. If the price is $380, he can sell 1000 . The total cost of producing x microwaves is C(x)=3600+250x-0.01x^(2) dollars. Assuming the demand function is linear, find the price per microwave and the number of microwaves sold that will maximize profit

Posted Date: Jun 11, 2024 03:15 PM

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Linear demand function: The manufacturer of microwave ovens can sell 800 to his dealers at $392 each.

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