Should the company charge to maximize profits

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Reference no: EM131094718

A company's marketing department has determined that if their product is sold at the price of p dollars per unit, they can sell q=1800−200p units. Each unit costs 7 dollars to make. What price, p, should the company charge to maximize their revenues? What price, p, should the company charge to maximize profits?

Reference no: EM131094718

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