ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Software Plus has a patent on software that estimates economic damages for clients involved in maritime injury lawsuits. Consumer demand is Quantity = 287.5 - 12.5P.
Software cost $985. Producing a copy of the software is $11 per unit.
a. How many copies of the software should I attempt to sell? At what price should I sell it? How much profit would I make?
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