Question:
A product costs the manufacturer ₹20 per unit. The demand function is given by p(x) = 1000-20x, then the quantity for maximum profit is:
A product costs the manufacturer ₹20 per unit. The demand function is given by p(x) = 1000-20x, then the quantity for maximum profit is:
Updated On: May 21, 2024
- 25 units
- 50 units
- 49 units
- \(\frac{49}{2}\)
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The Correct Option is D
Solution and Explanation
The correct option is (D):
\(\frac{49}{2}\)
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