- Jun 3, 2001
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So this question is fairly simple, yet I don't get what they say is the correct answer and it is driving me a little nuts. I got a final in this class tomorrow morning that I'm sure to fail, but I guess I might as well try...
Anyhow here is the question, let me know what you get as the answer and I'll post what they say is right. I get a different answer than what they say and think I'm right, but I suppose I'm just missing something simple...
The demand function for a certain product is p=80-.5x and the cost function is C=100+30x. What price will yield the maximum profit? (x is the number of units produced)
(a) $68
(b) $24
(c) $30
(d) $55
(e) $50
Anyhow here is the question, let me know what you get as the answer and I'll post what they say is right. I get a different answer than what they say and think I'm right, but I suppose I'm just missing something simple...
The demand function for a certain product is p=80-.5x and the cost function is C=100+30x. What price will yield the maximum profit? (x is the number of units produced)
(a) $68
(b) $24
(c) $30
(d) $55
(e) $50