Profit equation of hockory cabinet and furniture company

Reference no: EM13115642

The hockory Cabinet and furniture Company makes chairs. The fixed cost per month of making chairs is $7,500, and the variable cot per chair is $40. Price is related to demand according to the following linear equation.

v=400-1.2p

Develop the nonlinear profit for this company and determine the price that will maximize profit, the optimal volume, and the maximum profit per month.

Reference no: EM13115642

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