A company has established the following equations for one of its products: Selling price (£ per unit) = 40 – 0·008Q Marginal revenue (£ per unit) = 40 – 0·016Q Total cost per week (£) = 2,500 + 8Q Q in each case represents the number of units produced and sold per week. At what selling price per unit will weekly profits be maximised? A £8 B £16 C £24 D £32 C |