Determine the quantity that will maximize profit

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Reference no: EM131793635

Profit The monthly demand function for x units of a product sold at $p per unit by a monopoly is p = 800 - x, and its average cost is

C‾= 200 + x.

(a) Determine the quantity that will maximize profit.

(b) Find the selling price at the optimal quantity.

Reference no: EM131793635

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