A company has established that the relationship between the sales price for one of its...
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Accounting
A company has established that the relationship between the sales price for one of its products and the quantity sold per month is approximately p= 75 - 0. 1D (D is the demand or quantity sold per month and p is the price in dollars). The fixed
cost is $1,000 per month and the variable cost is $30 per unit produced.
a. What is the maximum profit per month for this product?
b. What is the range of profitable demand during a month?
a. The maximum profit per month for this product is $?. (Round to the nearest dollar.)
b. The range of profitable demand during a month is from ? units to units ? (Round up the lower limit and down the upper limit to the nearest whole number.)
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