Compute total profits at the optimum level of output

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Reference no: EM1372345

The Zinger Corporation manufactures and sells a line of sewing machines. Demand per period for a particular model is given by the following relationship:
Q = 400 - .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. What are total profits at the optimum level of output for Zinger Company?

a. $81,250

b. $812.50

c. $8,125

d. $812,500

Reference no: EM1372345

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