The following data shows total cost and demand information for Jon\'s Riding Mow

Question

The following data shows total cost and demand information for Jon's Riding Mowers.

Unit Price               >800      800        750        700        650        600        550        500        450        400        350       

Units Demanded    0              1              2              3              4              5              6              7              8              9           10

Total Cost             $ 200      $ 500      $ 700      $ 800      $ 850      $ 950      $1150    $1450    $1850    $2350    $2950

What is the profit-maximizing price and sales level for riding mowers?

Explanation / Answer

Price will be 550 and units will be 6

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