At a price of $8 per unit, the company has to create seventy (70) units in order to make the most amount of money possible. At a price of $8 per unit, the company has to create seventy units in order to make the most amount of money possible.
Generally, In the field of economics, the term "profit maximization" refers to either the "short run" or "long run" process that a company can use to determine the price, input and output levels that will result in the greatest possible total profit.
The term "profit maximization" draws attention to that specific point, which is the level of output at which your company generates the greatest amount of profit. "a company trying to maximize profit will produce the quantity where marginal cost' and marginal revenue' are equal to each other," as stated by the Khan Academy, a non-profit educational organization.
Read more about maximizing profit
https://brainly.com/question/17233964
#SPJ1
