An exporter of handbags has just entered a new market. This exporter faces the following relationship between the price of handbags and the demand for them: P=15+ 4,800 D 2,500 D² D>0 where P is the price per unit and D is the demand per month. The exporter wants to maximize his profit. The fixed cost is P2055 per month and the variable cost #33 per unit. How many handbags should be produced and sold each month, in order to maximize profit? Round your answer to 0 decimal places.

An exporter of handbags has just entered a new market. This exporter faces the following relationship between the price of handbags and the demand for them: P=15+ 4,800 D 2,500 D² D>0 where P is the price per unit and D is the demand per month. The exporter wants to maximize his profit. The fixed cost is P2055 per month and the variable cost #33 per unit. How many handbags should be produced and sold each month, in order to maximize profit? Round your answer to 0 decimal places.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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An exporter of handbags has just entered a new market. This exporter faces the following relationship between the price of
handbags and the demand for them:
P=15+
4.800
D
2.500
D²
, D>0
where P is the price per unit and D is the demand per month. The exporter wants to maximize his profit. The fixed cost is $2055 per
month and the variable cost #33 per unit. How many handbags should be produced and sold each month, in order to maximize
profit?
Round your answer to 0 decimal places.

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