Mathematics

Mathematics

Problem

A manufacturer faces the demand equation p=80−0.5qp=80-0.5q and incurs production costs of 2020 dollars per unit. In addition, a per-unit tax of 1010 is imposed on every unit produced beyond 60 units. What production level maximizes the manufacturer’s profit? a) q=55q=55\,units b) q=60q=60\,units c) q=50q=50\,units d) q=65q=65\,units

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