A determine the quantity that will maximize profit b, Operation Management

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A determine the quantity that will maximize profit b

The monthly demand function for x units of a product sold by a monopoly is p = 8000 - x dollars, and its average cost is

C‾ = 4000 + 5x dollars.

(a) Determine the quantity that will maximize profit.

(b) Determine the selling price at the optimal quantity.

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Operation Management: A determine the quantity that will maximize profit b

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Operation Management: A determine the quantity that will maximize profit b

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