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What price should chavez charge to maximize profits

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Reference no: EM132598464

CHAVEZ CORP. currently sells 1 product, Product A. CHAVEZ estimates demand and costs of Product A at various activity levels as follows:

Units Sold                         120              140                 160

Price Total                       $48               $3,000                $45

Variable costs                  $3,500                $40             $4,000

Fixed Costs                     $1,000                 $1,000            $1,000

Question 1: What price should CHAVEZ charge to maximize profits?

Question 2: How much profit will CHAVEZ have if a price of $48 is charged?

Reference no: EM132598464

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