Question
Given the demand function:p(x)=-0.5x+500 where p is price in RM per unit and x is the quantity demanded and the marginal costfunction C'(x) = -0.5-480, and the fixed cost =RM 900, find a) the level of production that will maximise profit
b) the maximum profit
c) the price per unit at naximum profit
b) the maximum profit
c) the price per unit at naximum profit