Эшestion 1A computer retailing company specializes in the sale of jump drives to community collegetudents.The demand function for jump drives isp=2x+10x+1000dollarsFor the samne company the average cost function is given as:ē = 2x +36x-1600-20* dollarsWhere p is the price in dollars and x represents units of output.1)i1)Find the price and output that will maximize profit.Find the maximum profit

Given : Demand Function : p=2x2+10x+1000 Average Cost Function : c¯=2x2+36x-1600-20x

computer retailing company specializes in the sale of jump drives to community college udents. The demand function for jump drives is p=2x +10x +1000 dollars For the same company the average cost function 1s given as: 20 = = 2x +36x=-1600 – I dollars Where p is the price in dollars and x represents units of output. i) 11) Find the price and output that will maximize profit. Find the maximum profit

computer retailing company specializes in the sale of jump drives to community college udents. The demand function for jump drives is p=2x +10x +1000 dollars For the same company the average cost function 1s given as: 20 = = 2x +36x=-1600 – I dollars Where p is the price in dollars and x represents units of output. i) 11) Find the price and output that will maximize profit. Find the maximum profit

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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