Illustrate what price will maximize the profit

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Reference no: EM13113754

Suppose a company has fixed costs of $28,000 and variable costs 2/5x+222 dollars per unit, where x is te total number of units produced. Suppose further that the selling price of its product is 1,250-3/5x dollar per unit.

a) Find the maximum revenue.

b) Form the profit function from the cost and revenue function and find maximum profit.

c) What price will maximize the profit

Reference no: EM13113754

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