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A company estimates that it can sell 5,000 units each month of its product if it prices each unit ...
A company estimates that it can sell 5,000 units each month of its product if it prices each unit at $80. However, its monthly number of sales will increase by 5 units for each $0.15 decrease in price. The company has fixed costs of $400. The cost to make each unit is $5.00. Find the level of production that maximizes the company's profit. They should produce units at a price of $ which will yield a profit of $