Find the price that maximizes his profits

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Reference no: EM13830794

If a manufacturer sells an article for p dollars, he finds that n = (125 − p) articles can be sold per week. The cost of producing n articles is c = 100 + 100n − ((n^2)/2) dollars.

a. Find the price (p) that maximizes his profits.

b. Use and document Excel to simulate the problem and evaluate the price (p) that maximizes his profits, as well as the total cost and total revenues associated.

Reference no: EM13830794

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Find the price that maximizes his profits : If a manufacturer sells an article for p dollars, he finds that n = (125 − p) articles can be sold per week. The cost of producing n articles is c = 100 + 100n − ((n^2)/2) dollars. Find the price (p) that maximizes his profits.

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