Firm s is the only producer of a particular types of foam

Reference no: EM13604371

Firm S is the only producer of a particular types of foam fire retardant and insulation used in the contraction of commercial buildings. the inverse demand equation for the product is P= 1500-.1Q

1.Where Q is the annual sales quantity in tons and P is the price per ton. The firms total cost function (in dollars) is C= 1400000+ 300Q+.05Q^2 A) TO maximize profit

2.How much foam insulation should firm S plan to produce and sell? what price should it charge? Compute the firms total profit.

Reference no: EM13604371

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