A community bird-watching society makes and sells simple bird feeders to raise money for its conservation activities.
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Question:
A community bird-watching society makes and sells simple bird feeders to raise money for its conservation activities. The materials for each feeder cost $5, and the society sells an average of 28 per week at a price of $9 each. The society has been considering raising the price, so it conducts a survey and finds that for every dollar increase, it loses 2 sales per week.
(a) Find a function that models weekly profit in terms of price per feeder. (Let x represent the price per feeder and P represent the profit.)
(b) What price should the society charge for each feeder to maximize profits?
(c) What is the maximum weekly profit?
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