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Model for the total profit in terms of the price

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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= 2,500 - 3P. The accounting department estimates that the total cost can be represented by C= 5,000 + 5D. Develop a model for the total profit in terms of the price, P.

Reference no: EM131358868

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