Calculate maximize profit

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Reference no: EM1372198

The Zinger Corporation manufactures and sells a line of sewing machines. Demand per period (Q) for a particular model is given through the following relationship:
Q = 200 .5P
where P is price. Total costs (including a "normal" return to the owners) of producing Q units per period are:
TC = 20,000 + 50Q + 3Q2
(a) Express total profits (pie) in terms of Q. This should be an equation.

(b) At what level of output are total profits maximized? What price will be charged? What are total profits at this output level?

Reference no: EM1372198

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