A Major Software Developer Has Estimated the Demand for Its

question 66

Multiple Choice

A major software developer has estimated the demand for its new personal finance software package to be Q = 1,000,000P^-2 while the total cost of the package is C = 100,000 + 25Q.If this firm wishes to maximize profit, what percentage markup should it place on this product?

• A)90%
• B)100%
• C)20%
• D)40%
• E)250%

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