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The Acme Widget Company has found that if widgets are priced at $260, then 1600 will be sold each month. They have also found
The Acme Widget Company has found that if widgets are priced at $260, then 1600 will be sold each month. They have also found that for every increase of $18, there will be 160 fewer widgets sold each month. The cost to produce each widget is $52 plus the monthly fixed costs are $4400. Find the price that will maximize profits from the sale of widgets(round to the nearest cent) At this price, what is the maximal monthly profit? (round to the nearest dollar) How many widgets must be sold each month to earn the maximum profit? (round to the nearest whole number) Submit Question
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