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    Total profit

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    Night Timers Co. manufactures glow-in-the dark products in 10 ft. rolls. At present the company's maximum production capacity is 140,000 rolls per year. The cost is described as: C= $50,000 + 0.25 Q. The company seeks a price that maximizes profit & believe they should be able to sell at least 125,000 rolls of product per year. The demand forecast for the product is: Q= 350,000 - 200,000P.
    Calculate the following, assuming that the company maximizes profit:
    a. quantity
    b. price
    c. total cost
    d. total revenue
    e. total profit

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    https://brainmass.com/economics/production/total-profit-night-timers-co-162890

    Solution Preview

    Night Timers Co. manufactures glow-in-the dark products in 10 ft. rolls. At present the company's maximum production capacity is 140,000 rolls per year. The cost is described as: C= $50,000 + 0.25 Q. The company seeks a price that maximizes profit and believes that they should be ...

    Solution Summary

    The expert determines the total profit for Night Timers Co. How to maximize profit is given.

    $2.19