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Business, 31.05.2020 03:00 hewonabi123

A firm believes a product’s sales volume (S) depends on its unit selling price (P) as S = $100 – P. The production cost C is $850 + 9S. Determine the sales volume (S) at which the firm’s profit is a maximum. (Hint: calculate derivative of the profit function with respect to the price)

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A firm believes a product’s sales volume (S) depends on its unit selling price (P) as S = $100 – P....
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