Find the quantity that will give maximum profit

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The monthly demand function for a product sold by a monopoly is

p = 1960 - 1/3x² dollars, and the average cost is = 1000 + 2x + x² dollars. Production is limited to 1000 units and x is in hundreds of units.

(a) Find the quantity that will give maximum profit.

(b) Find the maximum profit.

Reference no: EM131792764

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