Night Timers Co. manufactures glow-in-the dark products in 10 ft. rolls. At present the company's maximum production capacity is 140,000 rolls per year. The cost is stated as: C= $50,000 + 0.25 Q. The company seeks price that maximizes profit & think they should be capable to sell at least 125,000 rolls of product for each year. The demand forecast for product is: Q= 350,000 - 200,000P.
Calculate the following, assuming that the company maximizes profit:
a. quantity
b. price
c. total cost
d. total revenue
e. total profit