A large company in the communication and publishing industry has quantified the relationship between the price of one of its

A large company in the communication and publishing industry has quantified the relationship between the price of one of its products and the demand for this product as Price=150−0.02×Demand for an annual printing of this particular product. The fixed costs per year​ (i.e., per ​printing)=​$55,000 and the variable cost per unit=​$50. What is the maximum profit that can be​ achieved? What is the unit price at this point of optimal​ demand? Demand is not expected to be more than 3,000 units per year.


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