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Economics

A TV manufacturing company estimates that when TVs are sold for x dollars a piece, consumers will bu 8000/x TVs each week. The company also determines that profit is maximized when the selling price x is 1.4 times the cost c of producing each unit. Assume that c is constant. Calculate the price that maximizes the weekly profit. How many units are sold each weak at the above optimal price? Calculate the cost c of producing each unit.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91678007

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