Annual cost of production-what is profit maximizing price

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Dylan Co. sells hammers to US retailers. The annual demand for its hammers is d(p)=25,000 × (30 −p) and its annual cost of production is TC(q)= 400,000 + 20q.Its factory has a capacity of 150,000 units.

a) What is the profit maximizing price for Dylan Co. to charge? How many units will they sell at that price?

Reference no: EM13885534

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Annual cost of production-what is profit maximizing price : Dylan Co. sells hammers to US retailers. The annual demand for its hammers is d(p)=25,000 × (30 −p) and its annual cost of production is TC(q)= 400,000 + 20q.Its factory has a capacity of 150,000 units. What is the profit maximizing price for Dylan C..

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