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Problem 1: Solve using Excel A company sells a commercial product with a fixed cost of $80,000 per month, and a variable cost of $90

Problem 1: Solve using Excel

A company sells a commercial product with a fixed cost of $80,000 per month, and a variable cost of $90 per unit. The selling price is $200 - 0.02(D). Using the given Excel template:

1-Determine the optimal demand for this product.

2-Plot the Cost, Revenue, and profit versus the demand.

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