Find the quantity that gives maximum profit

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Reference no: EM131792753

A large corporation with monopolistic control in the marketplace has its average daily costs, in dollars, given by

c‾ = [800/x]+100x+x²

The daily demand for x units of its product is given by p = 60,000 - 50x dollars.

Find the quantity that gives maximum profit, and find the maximum profit. What selling price should the corporation set for its product?

Reference no: EM131792753

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