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REVIEW PROBLEMS 5.14 Calculation of an optimal selling price A company manufactures a single product, product Y. It has documented levels of demand at certain

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REVIEW PROBLEMS 5.14 Calculation of an optimal selling price A company manufactures a single product, product Y. It has documented levels of demand at certain selling prices for this product as follows Sellin Demand Units 1100 1200 1300 1400 ce per unit r unit 48 24 21 20 19 46 42 Required Using a tabular approach, calculate the incremental revenues and incremental costs for product Y at the different levels of demand, and so determine the selling price at which the company profits are maximized (10 marks)

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