Business, 28.11.2021 14:00 nannagarvey9945

ABC Company is planning to market a new model of product X. The management collects information from retailers that how many units of good X they would buy for various prices. From this survey, it is determined that the unit demand function is X = -1,500 p + 30,000
The fixed costs to the company for production of good X are found to be 28,000 birr and the cost for material and labor to produce each unit of good X is estimated to be 8 birr per unit. Determine the price that the company should charge to maximize its profit.

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ABC Company is planning to market a new model of product X. The management collects information from...

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