Develop a model for the total profit

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A manufacturer of mp3 players is preparing to set the price on a new model. Demand is thought to depend on the price and is represented by the model: D=2,000 – 3P. The accounting department estimates that the total costs can be represented by: C=5,000+4D. Develop a model for the total profit.

Reference no: EM131153839

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Develop a model for the total profit : A manufacturer of mp3 players is preparing to set the price on a new model. Demand is thought to depend on the price and is represented by the model: D=2,000 – 3P. The accounting department estimates that the total costs can be represented by: C=5,00..

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