Homework Answers
profit is $13000
given cost function=100q+49700
where q is the number of units sold
q=110 units
therefore total cost for 110 units=(100*110)+49700=60700
the price function= -2q+890
q=110
unit price= (-2*110)+890= -220+890=670
total sales=unit price * number of units sold
total sales=670*110=73700
profit=total sales-total cost
profit=73700-60700=13000
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