A company distributes organic cocoa powder with a monthly demand function ofQ =80,000–2,000p, and total costfunctionTC =12,000+15Q + 0.002Q2, where p ist he price of organic cocoa powder per pound(dollars)and Q is the quantity (pounds).
(a) What are the optimal quantity, price, and profit of the company?
(b) Since the COVID-19 pandemic, most employees started working from home, so the
company cut down its rent of office building by $2,000 per month. What are the optimal
quantity, price, and profit under the new condition?
Place this order or similar order and get an amazing discount. USE Discount code “GET20” for 20% discount