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The weekly demand function for x units of a product sold by only one firm is p =6001/2 x dollars, and the average cost of
The weekly demand function forxunits of a product sold by only one firm isp=6001/2xdollars, and the average cost of production and sale isC=200+ 2xdollars.
a.) Find the quantity that will maximize profit.
b.) Find the selling price at this optimal quantity.
c.) What is the maximum profit?
*I was able to figure out a and b, but I am having a hard time solving for c.
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