Define products price in order to achive maximum product

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Reference no: EM13217726

1. In order to sell x units of your product, the price per product must be p(x) = 235 - 0.2x. The cost of producing x products is given by C(x) = 4000 + 0.5x2.

(a) The average revenue, the average cost, and the average pro?t when x items are produced. (b) The rate at which average pro?t is changing when 10 items are produced. (c) How many products must you sell in order to maximize pro?t? (d) What must you price your products at in order to achieve this maximum product?

Reference no: EM13217726

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