Jeff sells T-shirts at a single price, which is the same across all the designs. The total
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Question:
Jeff sells T-shirts at a single price, which is the same across all the designs. The total demand of all the T-shirt designs as a function of price p is: D(p)=1000-5p, and the cost of producing each T-shirt is $20 dollar. What is the optimal price Jeff should charge to maximize his total profit? With this price, how much money Jeff leaves on the table for his customers?
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