Form the profit function from the cost and revenue function, Ask an Expert

Management Studies

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

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9393978

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