1. Math
  2. Statistics And Probability
  3. a company has established that the relationship between the sales...

Question: a company has established that the relationship between the sales...

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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 = 75-0.2D (D is the demand or quantity sold per month and p is the price in dollars). The fixed cost is $800 per month and the variable cost is $20 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?

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