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Maximize profit for the demand and cost functions

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Reference no: EM132077032

Find the price that will maximize profit for the demand and cost functions, where p is the price, x is the number of units, and C is the cost.

Demand Function 

p = 61 - 0.1(sqrt)x

Cost Function  

C = 31x + 500

$ _____________per unit

Find the price that will maximize profit for the demand and cost functions, where p is the price, x is the number of units, and C is the cost. (Round your answer to two decimal places.)

Demand Function

p = 2/(sqrt)x

Cost Function

C = 0.9x + 800

$ _________ per unit

Reference no: EM132077032

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