United LLC is considering entering a market where annual consumer demand is given by the equation Q

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United LLC is considering entering a market where annual consumer demand is given by the equation Q = 36 - P. To enter this market, United LLC must invest $2,000 in a machine with no resale value that has a useful life of one year. Labor to run the machine costs $20 per hour. Without the machine, nothing can be produced. With the machine, it takes 1/10 hour to produce one unit.

What is the price and profit?

Posted Date: Jul 02, 2024 05:09 AM

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United LLC is considering entering a market where annual consumer demand is given by the equation Q

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