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A bakery in the seaside resort town of Malvino sells freshly baked bread to two categories of consumers: residents of the town and tourists. The weekly demand from tourists is given by the following demand function for prices between 0 and 5:
Qxtd = 600- 120Pxt
The weekly demand from locals is given by the following demand function for prices between 0 and 3:
Qxld = 540- 180Pxl
The bakery's total cost function is:
TC=1.20Q
What is the total profit when profit maximized?
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