A professional duct cleaning firm estimates that each additional room it cleans costs the firm $15. The owner estimated the firm's demand could be described by the equations below. She also estimated the marginal revenue equation form the demand equation.
Estimated demand equation = Q =45,000 - 1,000P
a)calculate the optimum output level (show your work)
b)in order to sell the amount computed in part (a) above; at what price would the company have to offer its service?
c)if fixed costs are $17,500 what is this firm's total profit at the optimum price/output combination?