Эшestion 1A computer retailing company specializes in the sale of jump drives to community collegetudents.The demand function for jump drives isp=2x+10x+1000dollarsFor the samne company the average cost function is given as:ē = 2x +36x-1600-20* dollarsWhere p is the price in dollars and x represents units of output.1)i1)Find the price and output that will maximize profit.Find the maximum profit

Given : Demand Function : p=2x2+10x+1000 Average Cost Function : c¯=2x2+36x-1600-20x

computer retailing company specializes in the sale of jump drives to community college udents. The demand function for jump drives is p=2x +10x +1000 dollars For the same company the average cost function 1s given as: 20 = = 2x +36x=-1600 – I dollars Where p is the price in dollars and x represents units of output. i) 11) Find the price and output that will maximize profit. Find the maximum profit

computer retailing company specializes in the sale of jump drives to community college udents. The demand function for jump drives is p=2x +10x +1000 dollars For the same company the average cost function 1s given as: 20 = = 2x +36x=-1600 – I dollars Where p is the price in dollars and x represents units of output. i) 11) Find the price and output that will maximize profit. Find the maximum profit

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter11: Price And Output Determination: Monopoly And Dominant Firms

Section: Chapter Questions

Problem 3E

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