Question: 6) The demand function for a product is given by D=5000- 50*P and the cost function is given by C-5000+20*D. What is the maximum profit?

6) The demand function for a product is given by D=5000-

6) The demand function for a product is given by D=5000- 50*P and the cost function is given by C-5000+20*D. What is the maximum profit? (Please pay attention to the fact that demand is given as a function of price, and not the other way around as outlined in our course slides.)

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