Question: You just received information about the estimated price response function for the widget in problem 1. It is estimated to be: Find the optimal price

You just received information about the estimated price– response function for the widget in problem 1.

It is estimated to be:d(p)=50,000-58p

Find the optimal price using both calculus and Excel. What is the total profit based on the optimization results?

d(p)=50,000-58p

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