Question: Problem 15 in Chapter 1 posed the following situation: A manufacturer of mp3 players is preparing to set the price on a new model. Demand

Problem 15 in Chapter 1 posed the following situation:

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 costs can be represented by C = 5,000 + 5D Implement your model on a spreadsheet and construct a one-way data table to estimate the price for which profit is maximized.

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