Question: 2. The demand function for a new laptop is p(x) = 3x + 40 where p(x) represents the selling price, in hundreds of dollars, and

2. The demand function for a new laptop is p(x) = 3x + 40 where p(x) represents the selling price, in hundreds of dollars, and x is the number of laptops sold, in hundreds. The cost function is C(x) = 16x + 20. a. Determine the profit function. [2] b. Calculate the maximum possible profit. [4]

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