A manufacturer can produce digital recorders at a cost of $125 apiece and estimates that if they

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A manufacturer can produce digital recorders at a cost of $125 apiece and estimates that if they are sold for x dollars apiece, consumers will buy approximately 1,000e^−0.02x each week.

a. Express the profit P as a function of x. Sketch the graph of P(x).

b. At what price should the manufacturer sell the recorders to maximize profit?

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Calculus For Business, Economics And The Social And Life Sciences

ISBN: 9780073532387

11th Brief Edition

Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price

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Question Posted: Jun 19, 2023 09:04 AM

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A manufacturer can produce digital recorders at a cost of $125 apiece and estimates that if they

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a When x 0 P0 125000 which is not in the practical domain When Px 0 x 125 so 1...View the full answer

Calculus For Business, Economics And The Social And Life Sciences

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