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If the material for each necklace costs terry 6 what should

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Reference no: EM13589956

During the summer months Terry makes and sells necklaces on the beach. Last summer he sold the necklaces for $10 each and his sales averaged 20 per day. When he increased the price by $1, he found that he lost two sales per day.

(a) Find the demand function, assuming that it is linear.

(b) If the material for each necklace costs Terry $6, what should the selling price be to maximize his profit?

Reference no: EM13589956

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