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In: Economics

ABC Inc. has developed the following equations relating the selling price, quantity sold and cost to...

ABC Inc. has developed the following equations relating the selling price, quantity sold and cost to produce. To maximize profit, determine the quantity the company has to produce in a year?

P = $35Q - 0.02Q2                                 

C = $4 Q + $8,000

Where P is Selling price in $/unit, Q is Quantity sold per year, and C is cost to produce and sell Q units per year

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Expert Solution

Rahul Sunny answered 2 years ago
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