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111 A firm is planning to manufacture a new product. As the selling price is increased, the quantity that can be sold decreas

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liten P=$350-0.29 Q = Quantity solo per year . p= selling price pe unit C = $400.+$20,000 In order to maninige profits Cont.to monimize profit of Tz0 do TO 3109-0.292-20,000] =j 310-0140=0 $9.49 27310 Q = 310 9=775 So, P= $350-0.2 [775] 3350 -155 3

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