
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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A demand curve is given by p = 660-3x. Assume you must pay salaries totalling 8000$ in a month. Also, it costs $110 to manufacture one TV. Graph the profit function, M(x)=550x-3x²-8000, and using the Maximum program, find the maximum possible profit and fill in the details (round off x to the nearest whole number):
profit:
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